Apax Global Alpha (LON:APAX) Share Price Passes Below 50-Day Moving Average – Here’s Why

Apax Global Alpha (LON:APAX) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 137.88 ($1.74) and traded as low as GBX 134 ($1.69). Apax Global Alpha shares last traded at GBX 134.40 ($1.70), with a volume of 205,851 shares trading hands.

Apax Global Alpha Price Performance

The business has a 50 day simple moving average of GBX 137.88 and a 200 day simple moving average of GBX 141.02. The stock has a market cap of £785.23 million, a PE ratio of 228.17 and a beta of 0.74.

Apax Global Alpha Company Profile

AGA offers access to a diversified portfolio of high-quality companies by investing in Private Equity Funds advised by Apax. These companies are identified and selected by the Apax team, leveraging their deep sector insights, and drawing on the firm’s 50-year experience.

Capital not invested in Private Equity is deployed into a portfolio of debt to generate income towards the dividend and additional returns.