Capital Gearing (LON:CGT) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Capital Gearing (LON:CGT)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 4,781.44 ($59.49) and traded as high as GBX 4,810.98 ($59.86). Capital Gearing shares last traded at GBX 4,800 ($59.72), with a volume of 77,503 shares trading hands.

Capital Gearing Price Performance

The business’s 50-day simple moving average is GBX 4,781.44 and its two-hundred day simple moving average is GBX 4,763.05. The stock has a market cap of £1.02 billion, a price-to-earnings ratio of -7,611.21 and a beta of 0.23.

Capital Gearing (LON:CGT) last issued its quarterly earnings data on Wednesday, November 13th. The company reported GBX 36.16 ($0.45) earnings per share for the quarter.

Insider Transactions at Capital Gearing

In related news, insider Karl Sternberg purchased 627 shares of Capital Gearing stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of GBX 4,786 ($59.55) per share, for a total transaction of £30,008.22 ($37,337.59). Also, insider Paul Yates acquired 1,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of GBX 4,755 ($59.16) per share, with a total value of £47,550 ($59,163.87). Company insiders own 6.95% of the company’s stock.

About Capital Gearing

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.