Capital Gearing (LON:CGT) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of Capital Gearing (LON:CGT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,746.28 ($60.22) and traded as low as GBX 4,745 ($60.20). Capital Gearing shares last traded at GBX 4,790 ($60.77), with a volume of 53,737 shares trading hands.

Capital Gearing Stock Down 0.4 %

The stock has a market cap of £1.02 billion, a P/E ratio of -7,603.17 and a beta of 0.23. The company’s 50 day moving average price is GBX 4,765.02 and its 200-day moving average price is GBX 4,746.28.

Insider Buying and Selling

In other news, insider Paul Yates bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of GBX 4,755 ($60.33) per share, with a total value of £47,550 ($60,327.33). Also, insider Karl Sternberg purchased 627 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of GBX 4,786 ($60.72) per share, for a total transaction of £30,008.22 ($38,071.83). 6.95% of the stock is owned by corporate insiders.

Capital Gearing Company Profile

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.