Castelnau Group (LON:CGL) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Castelnau Group Limited (LON:CGL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 81.90 and traded as high as GBX 94.78. Castelnau Group shares last traded at GBX 93.50, with a volume of 5,438 shares traded.

Castelnau Group Price Performance

The company has a quick ratio of 40.25, a current ratio of 0.16 and a debt-to-equity ratio of 18.26. The stock has a market cap of £314.33 million, a price-to-earnings ratio of 51.22 and a beta of 0.19. The business’s fifty day moving average is GBX 88.20 and its two-hundred day moving average is GBX 81.98.

Insider Buying and Selling

In other Castelnau Group news, insider Richard Brown purchased 17,656 shares of the company’s stock in a transaction on Friday, November 14th. The stock was acquired at an average price of GBX 86 per share, for a total transaction of £15,184.16. 0.06% of the stock is owned by corporate insiders.

About Castelnau Group

Castelnau Group was formed by Phoenix Asset Management Partners Limited in 2020. The listed structure creates a permanent capital vehicle with which to make long-term investments and acquisitions of all structures and sizes.

The business of Castelnau Group is capital allocation. This means that Castelnau Group sits at the centre of the holdings and helps to divert resources towards the most valuable opportunities. Conversely, it is also Castelnau’s responsibility to restrict investment into areas that don’t make sense.

This includes making investments externally and moving resources around between holdings.