Castelnau Group (LON:CGL) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Castelnau Group Limited (LON:CGL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 85.75 and traded as high as GBX 96.35. Castelnau Group shares last traded at GBX 96.35, with a volume of 309,798 shares changing hands.

Castelnau Group Stock Down 1.2%

The stock has a market capitalization of £310.50 million, a price-to-earnings ratio of 50.60 and a beta of 0.19. The firm has a 50-day moving average of GBX 95.05 and a 200 day moving average of GBX 85.86. The company has a current ratio of 0.16, a quick ratio of 40.25 and a debt-to-equity ratio of 18.26.

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.