Capital Gearing (LON:CGT) Hits New 1-Year High – Here’s What Happened

Capital Gearing (LON:CGT) reached a new 52-week high on Tuesday . The stock traded as high as GBX 5,089.30 and last traded at GBX 5,020, with a volume of 32419 shares trading hands. The stock had previously closed at GBX 5,010.

Capital Gearing Price Performance

The stock has a 50-day simple moving average of GBX 4,986.86 and a 200 day simple moving average of GBX 4,936.80. The company has a market capitalization of £795.17 million, a PE ratio of 22.07 and a beta of 0.47.

Capital Gearing Company Profile

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.