Apax Global Alpha (LON:APAX) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Apax Global Alpha (LON:APAX) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 146.57 ($1.86) and traded as low as GBX 139 ($1.76). Apax Global Alpha shares last traded at GBX 140.40 ($1.78), with a volume of 711,972 shares traded.

Apax Global Alpha Stock Down 0.5 %

The stock has a fifty day moving average price of GBX 141.69 and a two-hundred day moving average price of GBX 146.57. The company has a market cap of £686.39 million, a price-to-earnings ratio of 1,560.00 and a beta of 0.74.

Insider Buying and Selling

In related 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 acquired at an average cost of GBX 140 ($1.78) per share, for a total transaction of £23,431.80 ($29,728.24). 14.43% of the stock is owned by insiders.

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.