Apax Global Alpha (LON:APAX) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Apax Global Alpha (LON:APAX) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 146.57 ($1.86) and traded as low as GBX 139 ($1.76). Apax Global Alpha shares last traded at GBX 140.40 ($1.78), with a volume of 711,972 shares trading hands.

Apax Global Alpha Stock Performance

The company has a market cap of £686.39 million, a P/E ratio of 1,560.00 and a beta of 0.74. The business’s 50-day moving average price is GBX 141.69 and its 200 day moving average price is GBX 146.57.

Insider Activity at Apax Global Alpha

In other Apax Global Alpha news, insider Alexander Denny bought 16,737 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average cost of GBX 140 ($1.78) per share, with a total value of £23,431.80 ($29,728.24). 14.43% of the stock is currently owned by company insiders.

About Apax Global Alpha

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.