Capital Gearing (LON:CGT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Capital Gearing (LON:CGT) shares crossed 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 changing hands.

Capital Gearing Stock Down 0.1 %

The stock’s 50-day simple moving average is GBX 4,781.44 and its 200 day simple moving average is GBX 4,763.05. The firm has a market cap of £1.02 billion, a P/E ratio of -7,611.21 and a beta of 0.23.

Capital Gearing (LON:CGT) last released its earnings results on Wednesday, November 13th. The company reported GBX 36.16 ($0.45) EPS for the quarter.

Insider Activity

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

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.