Apax Global Alpha (LON:APAX) Shares Pass Above 50 Day Moving Average – Here’s Why

Apax Global Alpha (LON:APAX)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 141.14 ($1.72) and traded as high as GBX 142.20 ($1.73). Apax Global Alpha shares last traded at GBX 140.20 ($1.71), with a volume of 599,083 shares changing hands.

Apax Global Alpha Stock Performance

The company’s 50 day moving average price is GBX 141.14 and its 200-day moving average price is GBX 144.27. The company has a market cap of £688.52 million, a price-to-earnings ratio of 1,557.78 and a beta of 0.74.

About Apax Global Alpha

AGA offers access to a diversified portfolio of high-quality companies by investing in Private Equity Funds advised by Apax. These companies are identified and selected by the Apax team, leveraging their deep sector insights, and drawing on the firm’s 50-year experience.

Capital not invested in Private Equity is deployed into a portfolio of debt to generate income towards the dividend and additional returns.