Apax Global Alpha (LON:APAX) Shares Cross Above 50-Day Moving Average – Should You Sell?

Apax Global Alpha (LON:APAX) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 141.70 ($1.78) and traded as high as GBX 142.60 ($1.79). Apax Global Alpha shares last traded at GBX 141 ($1.77), with a volume of 92,594 shares trading hands.

Apax Global Alpha Stock Up 0.9 %

The firm has a market capitalization of £692.45 million, a PE ratio of 1,566.67 and a beta of 0.74. The business’s fifty day moving average price is GBX 141.75 and its 200 day moving average price is GBX 145.79.

Insider Buying and Selling at Apax Global Alpha

In other news, insider Alexander Denny purchased 16,737 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was purchased at an average cost of GBX 140 ($1.76) per share, with a total value of £23,431.80 ($29,388.94). Company insiders own 14.43% of the company’s stock.

Apax Global Alpha Company Profile

Apax Global Alpha Limited specializes in fund of funds investments. It seeks to invest in public, private debt, and equity investments. Under fund of funds, the fund seeks to invest in private equity funds managed by Apax Partners. It also makes derived investments which are investments in equities and debt derived from the insights gained via Apax' Private Equity activities.