Apax Global Alpha (LON:APAX) Shares Cross Above 50-Day Moving Average – Should You Sell?

Apax Global Alpha (LON:APAXGet Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 141.46 ($1.75) and traded as high as GBX 143 ($1.77). Apax Global Alpha shares last traded at GBX 142 ($1.76), with a volume of 255,053 shares.

Apax Global Alpha Stock Performance

The firm has a market capitalization of £694.42 million, a P/E ratio of 1,571.11 and a beta of 0.74. The business has a fifty day moving average of GBX 141.41 and a 200-day moving average of GBX 145.36.

Insiders Place Their Bets

In other news, insider Alexander Denny bought 16,737 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was purchased at an average cost of GBX 140 ($1.73) per share, for a total transaction of £23,431.80 ($29,003.34). 14.43% of the stock is currently owned by insiders.

About Apax Global Alpha

(Get Free Report)

Apax Global Alpha Limited specializes in fund of funds investments. It seeks to invest in public, private debt, and equity investments. Under fund of funds, the fund seeks to invest in private equity funds managed by Apax Partners. It also makes derived investments which are investments in equities and debt derived from the insights gained via Apax' Private Equity activities.

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