North Atlantic Smaller Cos (LON:NAS) Reaches New 52-Week High – Here’s Why

North Atlantic Smaller Cos (LON:NAS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 402 and last traded at GBX 402, with a volume of 39825 shares traded. The stock had previously closed at GBX 398.

North Atlantic Smaller Cos Price Performance

The firm’s 50 day moving average is GBX 369.42 and its 200 day moving average is GBX 360.73. The firm has a market cap of £513.51 million, a P/E ratio of 18.04 and a beta of 0.95.

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

Insider Activity at North Atlantic Smaller Cos

In related news, insider Peregrine D. E. M. Moncreiffe purchased 1,363 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average price of GBX 367 per share, for a total transaction of £5,002.21. Also, insider Julian Fagge acquired 6,744 shares of North Atlantic Smaller Cos stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of GBX 369 per share, with a total value of £24,885.36. Insiders purchased a total of 13,536 shares of company stock worth $4,985,253 in the last 90 days. 34.03% of the stock is currently owned by company insiders.

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.