Apax Global Alpha (LON:APAX) Share Price Passes Below 50-Day Moving Average – Here’s Why

Apax Global Alpha (LON:APAX)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 137.88 ($1.74) and traded as low as GBX 134 ($1.69). Apax Global Alpha shares last traded at GBX 134.40 ($1.70), with a volume of 205,851 shares.

Apax Global Alpha Stock Up 0.1 %

The business has a 50-day simple moving average of GBX 137.88 and a two-hundred day simple moving average of GBX 141.02. The company has a market cap of £785.23 million, a price-to-earnings ratio of 228.17 and a beta of 0.74.

About Apax Global Alpha

AGA offers access to a diversified portfolio of high-quality companies by investing in Private Equity Funds advised by Apax. These companies are identified and selected by the Apax team, leveraging their deep sector insights, and drawing on the firm’s 50-year experience.

Capital not invested in Private Equity is deployed into a portfolio of debt to generate income towards the dividend and additional returns.