Capital (LON:CAPD) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Capital Limited (LON:CAPD)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

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

Capital Trading Down 0.8 %

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

Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th will be given 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 at Capital

In related news, insider Graeme Dacomb purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average price of GBX 63 ($0.84) per share, for a total transaction of £15,750 ($20,952.51). 21.92% of the stock is currently owned by insiders.

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.