Capital (LON:CAPD) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Capital Limited (LON:CAPD) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.91 ($1.02) and traded as low as GBX 62.20 ($0.81). Capital shares last traded at GBX 63.60 ($0.83), with a volume of 552,585 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “hold” rating and set a GBX 60 ($0.79) price objective on shares of Capital in a research report on Thursday, March 27th.

Capital Price Performance

The stock’s 50-day simple moving average is GBX 68.27 and its two-hundred day simple moving average is GBX 77.79. The firm has a market cap of £158.85 million, a P/E ratio of 5.47, a PEG ratio of 0.64 and a beta of 0.60. The company has a debt-to-equity ratio of 58.81, a current ratio of 1.98 and a quick ratio of 1.36.

Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be given a $0.01 dividend. This represents a yield of 1.67%. The ex-dividend date of this dividend is Thursday, April 17th. Capital’s dividend payout ratio (DPR) is currently 25.23%.

Insiders Place Their Bets

In related news, insider Graeme Dacomb purchased 25,000 shares of Capital stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of GBX 63 ($0.82) per share, with a total value of £15,750 ($20,615.18). 21.92% of the stock is 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.