Capital (LON:CAPD) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Capital Limited (LON:CAPD)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 117.01 and traded as high as GBX 125.50. Capital shares last traded at GBX 125, with a volume of 939,422 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated a “buy” rating and set a GBX 120 price objective on shares of Capital in a report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Capital has a consensus rating of “Moderate Buy” and an average target price of GBX 90.

Capital Trading Down 0.6%

The firm has a market capitalization of £279.94 million, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.64 and a beta of 0.60. The business’s 50-day moving average is GBX 117.01 and its 200 day moving average is GBX 106.61. The company has a debt-to-equity ratio of 58.81, a current ratio of 1.98 and a quick ratio of 1.36.

Insider Activity at Capital

In other Capital news, insider Jamie Boyton bought 274,626 shares of the stock in a transaction dated Tuesday, November 25th. The shares were bought at an average cost of GBX 107 per share, with a total value of £293,849.82. Corporate insiders own 27.48% of the company’s stock.

About Capital

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company’s services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis.

The Group’s corporate headquarters are in the United Kingdom and it has established operations in Côte d’Ivoire, Canada, Democratic Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya, Mali, Mauritania, Nigeria, Pakistan, Saudi Arabia, Tanzania and United States of America.

Our brands include Capital Drilling, Capital Mining, MSALABS and Well Force International.

Capital Drilling provides a complete range of drilling solutions for projects across the mining cycle from exploration to production.

Capital Mining provides Load and Haul services for clients from development to fully operational mine sites.

MSALABS are a global provider of geochemical laboratory services for the exploration and mining industries and have an exclusive agreement with Chrysos Corporation to deploy their revolutionary PhotonAssay technology globally.