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

North Atlantic Smaller Cos (LON:NAS) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 418.48 and traded as high as GBX 422. North Atlantic Smaller Cos shares last traded at GBX 422, with a volume of 51,206 shares.

North Atlantic Smaller Cos Price Performance

The company has a market capitalization of £525.70 million, a P/E ratio of 13.82 and a beta of 0.94. The firm has a fifty day moving average price of GBX 418.48 and a 200-day moving average price of GBX 400.34.

North Atlantic Smaller Cos (LON:NAS) last issued its quarterly earnings results on Monday, September 21st. The investment trust reported GBX 41.82 EPS for the quarter. North Atlantic Smaller Cos had a return on equity of 5.25% and a net margin of 80.94%.

Insider Activity

In other North Atlantic Smaller Cos news, insider Peregrine D. E. M. Moncreiffe bought 2,407 shares of the stock in a transaction dated Monday, September 21st. The shares were bought at an average cost of GBX 415 per share, for a total transaction of £9,989.05. Over the last ninety days, insiders acquired 7,280 shares of company stock worth $2,991,962. Company insiders own 34.73% of the company’s stock.

About North Atlantic Smaller Cos

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.