Capital Gearing (LON:CGT) Sets New 52-Week High – What’s Next?

Shares of Capital Gearing (LON:CGTGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 5,080 and last traded at GBX 5,045.53, with a volume of 10188 shares trading hands. The stock had previously closed at GBX 5,060.

Capital Gearing Stock Performance

The company’s fifty day moving average is GBX 4,997.96 and its two-hundred day moving average is GBX 4,943.91. The firm has a market cap of £799.21 million, a price-to-earnings ratio of 22.19 and a beta of 0.47.

About Capital Gearing

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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.

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