Georgia Capital (LON:CGEO) Stock Price Down 2.6% – Here’s Why

Shares of Georgia Capital PLC (LON:CGEO) traded down 2.6% on Thursday . The stock traded as low as GBX 1,506 ($19.43) and last traded at GBX 1,528 ($19.71). 63,307 shares traded hands during trading, a decline of 57% from the average session volume of 148,114 shares. The stock had previously closed at GBX 1,568 ($20.23).

Georgia Capital Price Performance

The business has a 50 day simple moving average of GBX 1,388.39 and a 200-day simple moving average of GBX 1,194.19. The stock has a market capitalization of £532.45 million, a price-to-earnings ratio of 3.39 and a beta of 1.18.

Georgia Capital (LON:CGEO) last issued its quarterly earnings data on Monday, February 24th. The company reported GBX 274.45 ($3.54) earnings per share (EPS) for the quarter. Georgia Capital had a return on equity of 4.87% and a net margin of 58.75%. As a group, equities analysts predict that Georgia Capital PLC will post 260.9999942 earnings per share for the current year.

Insider Buying and Selling

In other Georgia Capital news, insider Neil Janin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 1,484 ($19.14), for a total value of £29,680 ($38,286.89). Insiders have sold a total of 142,773 shares of company stock worth $212,544,930 over the last ninety days. Company insiders own 18.07% of the company’s stock.

Georgia Capital Company Profile

Georgia Capital PLC (“Georgia Capital” or “the Group” or “GCAP”– LSE: CGEO LN) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Group’s focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature.