Capital Gearing (LON:CGT) Stock Passes Above 50 Day Moving Average – Here’s Why

Capital Gearing (LON:CGTGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 4,756.18 ($61.91) and traded as high as GBX 4,769.46 ($62.09). Capital Gearing shares last traded at GBX 4,725 ($61.51), with a volume of 24,514 shares trading hands.

Capital Gearing Trading Up 0.2 %

The firm has a market capitalization of £1.01 billion, a P/E ratio of -7,515.87 and a beta of 0.23. The company has a 50-day moving average of GBX 4,755.78 and a 200-day moving average of GBX 4,741.95.

About Capital Gearing

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Capital Gearing Trust p.l.c is a closed ended fixed income mutual fund launched and managed by CG Asset Management Limited. The fund invests in the public equity and fixed income markets of the United Kingdom. It invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio the fund primarily invests in government bonds.

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