North Atlantic Smaller Cos (LON:NAS) Stock Passes Above 50-Day Moving Average – What’s Next?

Shares of North Atlantic Smaller Cos (LON:NAS) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 354.69 and traded as high as GBX 390. North Atlantic Smaller Cos shares last traded at GBX 385, with a volume of 46,310 shares trading hands.

North Atlantic Smaller Cos Price Performance

The company has a market capitalization of £497.04 million, a PE ratio of 17.28 and a beta of 0.58. The company’s fifty day moving average is GBX 354.69 and its 200-day moving average is GBX 358.63.

North Atlantic Smaller Cos (LON:NAS) last issued its quarterly earnings data on Wednesday, April 29th. The investment trust reported GBX 9.24 earnings per share (EPS) for the quarter. The company had revenue of GBX 2,207 million for the quarter. North Atlantic Smaller Cos had a net margin of 73.06% and a return on equity of 3.99%.

Insider Activity at North Atlantic Smaller Cos

In other North Atlantic Smaller Cos news, insider Julian Fagge purchased 6,744 shares of North Atlantic Smaller Cos stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of GBX 369 per share, with a total value of £24,885.36. Also, insider Peregrine D. E. M. Moncreiffe purchased 1,363 shares of North Atlantic Smaller Cos stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of GBX 367 per share, for a total transaction of £5,002.21. Over the last three months, insiders have purchased 13,536 shares of company stock worth $4,985,253. 33.57% of the stock is currently owned by corporate insiders.

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.