Hansa Investment (LON:HAN) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Hansa Investment Company Ltd (LON:HAN) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 271.33 and traded as low as GBX 270. Hansa Investment shares last traded at GBX 270, with a volume of 108,997 shares.

Hansa Investment Trading Up 0.3%

The company has a market capitalization of £558.19 million, a price-to-earnings ratio of 14.19 and a beta of 0.68. The firm’s 50 day simple moving average is GBX 271.33 and its 200-day simple moving average is GBX 268.38.

Hansa Investment (LON:HAN) last released its earnings results on Wednesday, October 29th. The company reported GBX 7.90 EPS for the quarter. Hansa Investment had a net margin of 95.67% and a return on equity of 19.42%.

About Hansa Investment

Hansa Investment Company Limited is a closed-ended equity fund of funds launched and managed by Hanseatic Asset Management LBG. The fund is co-managed by Hansa Capital Partners LLP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies involved in special situations, with a bias towards small cap companies. The fund also invests through other third party funds. It benchmarks the performance of its portfolios against the FTSE All Share Index and MSCI All Country World & Frontier Markets Index.