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

Capital Gearing (LON:CGT) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 4,773.84 ($58.86) and traded as high as GBX 4,837.80 ($59.65). Capital Gearing shares last traded at GBX 4,820 ($59.43), with a volume of 48,883 shares trading hands.

Capital Gearing Stock Down 0.2 %

The company has a market cap of £1.03 billion, a PE ratio of -7,650.79 and a beta of 0.23. The firm has a fifty day simple moving average of GBX 4,773.84 and a 200-day simple moving average of GBX 4,759.03.

Insider Transactions at Capital Gearing

In related news, insider Karl Sternberg acquired 627 shares of Capital Gearing stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of GBX 4,786 ($59.01) per share, for a total transaction of £30,008.22 ($37,001.50). Also, insider Paul Yates bought 1,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of GBX 4,755 ($58.63) per share, with a total value of £47,550 ($58,631.32). Company insiders own 6.95% of the company’s stock.

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.