Castelnau Group (LON:CGL) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Castelnau Group Limited (LON:CGL) crossed 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.

Castelnau Group Trading Up 2.0%

The company has a 50 day simple moving average of GBX 95.08 and a 200 day simple moving average of GBX 85.75. The company has a current ratio of 0.16, a quick ratio of 40.25 and a debt-to-equity ratio of 18.26. The stock has a market capitalization of £321.33 million, a PE ratio of 52.36 and a beta of 0.19.

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.