Capital (LON:CAPD) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Capital Limited (LON:CAPD) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 77.91 ($1.02) and traded as low as GBX 62.20 ($0.81). Capital shares last traded at GBX 63.60 ($0.83), with a volume of 552,585 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “hold” rating and issued a GBX 60 ($0.79) target price on shares of Capital in a report on Thursday, March 27th.

Capital Price Performance

The firm’s fifty day simple moving average is GBX 68.27 and its two-hundred day simple moving average is GBX 77.79. The company has a quick ratio of 1.36, a current ratio of 1.98 and a debt-to-equity ratio of 58.81. The firm has a market cap of £158.85 million, a PE ratio of 5.47, a P/E/G ratio of 0.64 and a beta of 0.60.

Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be issued a $0.01 dividend. This represents a yield of 1.67%. The ex-dividend date is Thursday, April 17th. Capital’s dividend payout ratio is currently 25.23%.

Insider Buying and Selling at Capital

In other Capital news, insider Graeme Dacomb purchased 25,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of GBX 63 ($0.82) per share, for a total transaction of £15,750 ($20,615.18). Insiders own 21.92% 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.