Hansa Investment (LON:HAN) Shares Break Above 50 Day Moving Average – Here’s What Happened

Hansa Investment Company Ltd (LON:HAN – Get Free Report) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 334.76 and traded as high as GBX 336. Hansa Investment shares last traded at GBX 332, with a volume of 17,981 shares changing hands.

Hansa Investment Price Performance

The business’s fifty day simple moving average is GBX 334.76 and its 200 day simple moving average is GBX 318.52. The firm has a market capitalization of £643.60 million, a price-to-earnings ratio of 3.69 and a beta of 0.21.

Insider Activity at Hansa Investment

In related news, insider Richard Lightowler acquired 74,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were acquired at an average cost of GBX 338 per share, for a total transaction of £250,120. 17.72% of the stock is currently owned by company insiders.

Hansa Investment Company Profile

(Get Free Report)

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.

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