Castelnau Group (LON:CGL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Castelnau Group Limited (LON:CGL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 81.41 and traded as high as GBX 94.75. Castelnau Group shares last traded at GBX 94.64, with a volume of 813 shares.

Castelnau Group Price Performance

The company has a market cap of £315.63 million, a price-to-earnings ratio of 51.43 and a beta of 0.19. The company has a fifty day simple moving average of GBX 85.82 and a two-hundred day simple moving average of GBX 81.41. The company has a quick ratio of 40.25, a current ratio of 0.16 and a debt-to-equity ratio of 18.26.

Insiders Place Their Bets

In other Castelnau Group news, insider Richard Brown bought 17,656 shares of the company’s stock in a transaction on Friday, November 14th. The stock was purchased at an average cost of GBX 86 per share, for a total transaction of £15,184.16. Company insiders own 0.06% of the company’s stock.

Castelnau Group Company Profile

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.