Capital Gearing (LON:CGT) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Capital Gearing (LON:CGT)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 4,797.23 ($60.29) and traded as high as GBX 4,865 ($61.14). Capital Gearing shares last traded at GBX 4,850 ($60.95), with a volume of 55,280 shares.

Capital Gearing Price Performance

The stock has a market capitalization of £901.98 million, a price-to-earnings ratio of 19.72 and a beta of 0.23. The business has a fifty day moving average of GBX 4,797.23 and a 200 day moving average of GBX 4,774.06.

Capital Gearing (LON:CGT) last posted its quarterly earnings results on Wednesday, November 13th. The company reported GBX 36.16 ($0.45) earnings per share (EPS) for the quarter. Capital Gearing had a net margin of 255.48% and a return on equity of 5.25%.

Insider Buying and Selling

In related news, insider Paul Yates bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of GBX 4,755 ($59.76) per share, with a total value of £47,550 ($59,758.70). Also, insider Karl Sternberg bought 627 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of GBX 4,786 ($60.15) per share, with a total value of £30,008.22 ($37,712.98). 6.95% of the stock is currently owned by corporate insiders.

Capital Gearing Company Profile

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller took over as the investment manager of the Company in 1982 and has held that position through to today. Since 1982 the Company has delivered amongst the best returns of any London listed investment trust, with notably few periods of negative performance

Initially Capital Gearing Trust plc invested entirely into investment trust related equity securities.