Capital (LON:CAPD) Shares Cross Above 50-Day Moving Average – Here’s Why

Capital Limited (LON:CAPD)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 64.92 ($0.86) and traded as high as GBX 71.80 ($0.96). Capital shares last traded at GBX 71 ($0.94), with a volume of 109,191 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 60 ($0.80) target price on shares of Capital in a report on Wednesday, April 23rd.

Capital Stock Down 0.8 %

The company has a market capitalization of £173.51 million, a P/E ratio of 5.97, a PEG ratio of 0.64 and a beta of 0.60. The company has a current ratio of 1.98, a quick ratio of 1.36 and a debt-to-equity ratio of 58.81. The stock has a 50 day moving average price of GBX 64.92 and a 200 day moving average price of GBX 75.57.

Capital Dividend Announcement

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

Insider Activity

In related news, insider Graeme Dacomb bought 25,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of GBX 63 ($0.84) per share, with a total value of £15,750 ($20,952.51). 21.92% of the stock is currently owned by insiders.

Capital Company Profile

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.