Capital (LON:CAPD) Stock Price Passes Below 200 Day Moving Average of $88.48

Capital Limited (LON:CAPDGet Rating)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 88.48 ($1.04) and traded as low as GBX 88.40 ($1.04). Capital shares last traded at GBX 91.40 ($1.07), with a volume of 89,697 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 178 ($2.09) price objective on shares of Capital in a research note on Tuesday, November 1st.

Capital Trading Down 0.3 %

The stock has a market capitalization of £175.74 million and a P/E ratio of 338.52. The firm’s 50 day moving average price is GBX 85.74 and its 200 day moving average price is GBX 88.48. The company has a debt-to-equity ratio of 29.94, a current ratio of 2.22 and a quick ratio of 1.36.

About Capital

(Get Rating)

Capital Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry. It offers exploration drilling services, including air core, reverse circulation, diamond core, deep hole diamond, directional, and underground diamond drilling; mineral geochemical analysis laboratory services; and grade control drilling services, such as advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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