Capital Gearing (LON:CGT) Stock Passes Above 50 Day Moving Average of $4,639.79

Shares of Capital Gearing (LON:CGTGet Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 4,639.79 ($58.24) and traded as high as GBX 4,710 ($59.13). Capital Gearing shares last traded at GBX 4,705 ($59.06), with a volume of 49,375 shares.

Capital Gearing Stock Performance

The company has a market capitalization of £1.12 billion, a price-to-earnings ratio of -2,270.98 and a beta of 0.22. The company’s fifty day simple moving average is GBX 4,639.79 and its two-hundred day simple moving average is GBX 4,588.31.

Capital Gearing Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 1st were given a GBX 11 ($0.14) dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a dividend yield of 0.24%. Capital Gearing’s payout ratio is currently -2,898.55%.

Capital Gearing Company Profile

(Get Free Report)

Capital Gearing Trust p.l.c is a closed ended fixed income mutual fund launched and managed by CG Asset Management Limited. The fund invests in the public equity and fixed income markets of the United Kingdom. It invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio the fund primarily invests in government bonds.

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