Northern 2 VCT (LON:NTV) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Northern 2 VCT (LON:NTVGet Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 52.09 and traded as low as GBX 51.50. Northern 2 VCT shares last traded at GBX 51.50, with a volume of 9,804 shares.

Northern 2 VCT Price Performance

The company has a 50 day simple moving average of GBX 52.05 and a 200-day simple moving average of GBX 52.66. The stock has a market capitalization of £137.57 million, a P/E ratio of -85.83 and a beta of 0.22.

Northern 2 VCT (LON:NTVGet Free Report) last posted its quarterly earnings results on Tuesday, June 16th. The company reported GBX 0.30 earnings per share (EPS) for the quarter. Northern 2 VCT had a negative net margin of 94.70% and a negative return on equity of 1.11%. The company had revenue of GBX 215 million for the quarter.

About Northern 2 VCT

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Northern 2 VCT PLC is a venture capital trust specializing in direct and fund of funds investments. It prefer to invest in growth capital investments. Within direct, the fund seeks to invest in middle market, later stage, buyout, mature, and early stage investments. Within fund of funds, it makes private equity fund investments. The fund prefers to invest in unquoted and AIM-quoted companies in the United Kingdom. It invests in all sectors, manufacturing and service businesses except real estate.

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