Capita Shares Trade at Their Lowest Level Since May Last Year

Capita (LON: CPI), the specialty business services group, traded at 214p by 08:52 London time today, its lowest level since the 23rd of May last year. The shares have moved between 213p and 221p in morning trade so far, and the latest price sits under the previous 52-week low of 215p.

The stock was down 0.47% on the session at that point. The day’s low so far of 213p is 2p under the previous 52-week low of 215p, and the 214p quote is 1p under it. The day’s high of 221p is 7p above the latest price, so the shares have already traded higher earlier in the session. That leaves the session’s range at 8p, with the latest quote near the bottom of it.

How unusual this is

The previous low of 215p was the lowest level Capita had reached in the past year. Trading at 214p takes the shares below that mark, and the 23rd of May last year is the last time they were lower. The move through the old low is a narrow one, at 1p on the latest quote, and the shares are only slightly lower on the day, so this is a marginal break of the level rather than a sharp fall.

Volume so far is 102,473 shares against a 20-day average of 608,517, with the session still under way. Capita is a FTSE 350 company in the industrials sector, with a market value of about £264m.

The 214p figure is a delayed quote from 08:52 London time and will change as the session runs. The session’s low so far is 213p, and the level can move before the day ends. The day’s high of 221p and low of 213p give an 8p range at 08:52 London time.