Capital (LON:CAPD) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Capital Limited (LON:CAPD) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 92.61 ($1.20) and traded as low as GBX 85 ($1.10). Capital shares last traded at GBX 86 ($1.12), with a volume of 65,381 shares traded.

Capital Price Performance

The stock has a market cap of £168.78 million, a P/E ratio of 781.82, a P/E/G ratio of 0.64 and a beta of 0.60. The business has a 50 day simple moving average of GBX 84.24 and a 200-day simple moving average of GBX 92.61. The company has a debt-to-equity ratio of 56.60, a quick ratio of 1.36 and a current ratio of 1.98.

Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, August 29th were paid a $0.01 dividend. This represents a yield of 1.13%. The ex-dividend date of this dividend was Thursday, August 29th. Capital’s dividend payout ratio is currently 2,727.27%.

Capital Company Profile

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.