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

Capital Gearing (LON:CGT) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 4,773.84 ($58.77) and traded as high as GBX 4,837.80 ($59.56). Capital Gearing shares last traded at GBX 4,820 ($59.34), with a volume of 48,883 shares traded.

Capital Gearing Stock Down 0.1 %

The company has a 50 day moving average of GBX 4,775.54 and a 200-day moving average of GBX 4,759.96. The stock has a market capitalization of £1.03 billion, a P/E ratio of -7,642.86 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) earnings per share for the quarter.

Insiders Place Their Bets

In related news, insider Paul Yates bought 1,000 shares of Capital Gearing stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of GBX 4,755 ($58.54) per share, for a total transaction of £47,550 ($58,537.49). Also, insider Karl Sternberg purchased 627 shares of the stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of GBX 4,786 ($58.92) per share, for a total transaction of £30,008.22 ($36,942.29). Corporate insiders own 6.95% of the company’s stock.

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.