Capital Gearing (LON:CGT) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Capital Gearing (LON:CGT) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,032.15 and traded as low as GBX 518. Capital Gearing shares last traded at GBX 520, with a volume of 178,963 shares changing hands.

Capital Gearing Trading Up 0.2%

The company has a 50 day simple moving average of GBX 2,013.35 and a 200 day simple moving average of GBX 4,000.43. The stock has a market cap of £817.19 million, a P/E ratio of 19.18 and a beta of 0.44.

Capital Gearing Company Profile

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller became investment manager in 1982 and is now the longest-serving fund manager in the UK. Since his appointment, the Trust has delivered one of the strongest long-term records in the sector, with only two down years in its entire history. This consistency reflects a disciplined focus on the preservation and growth of shareholders’ real wealth across multiple market cycles.

The Trust’s strategy has evolved over time.