North Atlantic Smaller Cos (LON:NAS) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of North Atlantic Smaller Cos (LON:NAS) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 365.50 and traded as low as GBX 359.59. North Atlantic Smaller Cos shares last traded at GBX 360, with a volume of 20,360 shares trading hands.

North Atlantic Smaller Cos Price Performance

The company has a fifty day moving average of GBX 365.50 and a 200 day moving average of GBX 473.20. The firm has a market capitalization of £471.42 million, a P/E ratio of -0.88 and a beta of 0.77.

North Atlantic Smaller Cos Company Profile

NASCIT is a special situations investment trust dedicated to a long-term capital appreciation objective, to achieve positive absolute returns for shareholders with low correlation to the overall market.

North Atlantic Smaller Companies Investment Trust PLC (‘NASCIT’) targets capital appreciation for its shareholders through investing primarily in smaller cap public and unquoted companies. NASCIT has been run by Christopher Mills since 1982, using a bottom-up approach when determining investment strategy.