Capital Drilling (LON:CAPD) Stock Price Crosses Above Fifty Day Moving Average of $67.44

Shares of Capital Drilling Ltd (LON:CAPD) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $67.44 and traded as high as $71.65. Capital Drilling shares last traded at $66.10, with a volume of 62,322 shares trading hands.

Several equities research analysts have issued reports on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 84 ($1.10) price target on shares of Capital Drilling in a research note on Friday, November 22nd. Peel Hunt lifted their price target on shares of Capital Drilling from GBX 76 ($0.99) to GBX 84 ($1.10) and gave the company a “buy” rating in a research note on Friday, November 22nd.

The company has a market capitalization of $90.06 million and a price-to-earnings ratio of 8.93. The firm’s 50 day moving average price is GBX 67.44 and its two-hundred day moving average price is GBX 56.99. The company has a current ratio of 3.07, a quick ratio of 1.79 and a debt-to-equity ratio of 9.50.

In other news, insider David Abery acquired 83,333 shares of the stock in a transaction dated Wednesday, October 16th. The shares were bought at an average cost of GBX 60 ($0.78) per share, for a total transaction of £49,999.80 ($65,333.59).

Capital Drilling Company Profile (LON:CAPD)

Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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