Capital Gearing (LON:CGT) Sets New 1-Year Low – Here’s Why

Capital Gearing (LON:CGT) reached a new 52-week low during trading on Monday . The company traded as low as GBX 4,620 ($59.03) and last traded at GBX 4,660 ($59.55), with a volume of 5755 shares changing hands. The stock had previously closed at GBX 4,767.63 ($60.92).

Capital Gearing Stock Performance

The business’s 50 day moving average price is GBX 4,821.54 and its 200-day moving average price is GBX 4,787.55. The firm has a market capitalization of £879.66 million, a PE ratio of 19.23 and a beta of 0.23.

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.