Capital Gearing (LON:CGT) Hits New 12-Month High – What’s Next?

Capital Gearing (LON:CGT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 5,089.30 and last traded at GBX 5,020, with a volume of 32419 shares. The stock had previously closed at GBX 5,010.

Capital Gearing Stock Performance

The firm’s 50 day moving average is GBX 4,990.46 and its 200-day moving average is GBX 4,938.43. The firm has a market cap of £794.90 million, a price-to-earnings ratio of 22.07 and a beta of 0.47.

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.