Castelnau Group (LON:CGL) Shares Pass Above 200-Day Moving Average – Should You Sell?

Castelnau Group Limited (LON:CGL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 83.04 and traded as high as GBX 98. Castelnau Group shares last traded at GBX 94.90, with a volume of 73,033 shares traded.

Castelnau Group Stock Performance

The business has a 50-day moving average of GBX 91.86 and a two-hundred day moving average of GBX 83.07. The company has a debt-to-equity ratio of 18.26, a current ratio of 0.16 and a quick ratio of 40.25. The company has a market cap of £316.50 million, a P/E ratio of 51.58 and a beta of 0.19.

Insider Activity at Castelnau Group

In other news, insider Richard Brown acquired 17,656 shares of Castelnau Group stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of GBX 86 per share, for a total transaction of £15,184.16. 0.06% of the stock is currently owned by company insiders.

About Castelnau Group

Castelnau Group was formed by Phoenix Asset Management Partners Limited in 2020. The listed structure creates a permanent capital vehicle with which to make long-term investments and acquisitions of all structures and sizes.

The business of Castelnau Group is capital allocation. This means that Castelnau Group sits at the centre of the holdings and helps to divert resources towards the most valuable opportunities. Conversely, it is also Castelnau’s responsibility to restrict investment into areas that don’t make sense.

This includes making investments externally and moving resources around between holdings.