North Atlantic Smaller Cos (LON:NAS) Sets New 52-Week High – Time to Buy?

Shares of North Atlantic Smaller Cos (LON:NAS – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 404 and last traded at GBX 404, with a volume of 49361 shares traded. The stock had previously closed at GBX 400.

North Atlantic Smaller Cos Stock Performance

The company’s 50 day simple moving average is GBX 375.78 and its 200 day simple moving average is GBX 362.11. The stock has a market cap of £515.10 million, a PE ratio of 18.10 and a beta of 0.95.

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North Atlantic Smaller Cos (LON:NAS – Get Free Report) last released its earnings results 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 during the quarter. North Atlantic Smaller Cos had a return on equity of 3.99% and a net margin of 73.06%.

Insiders Place Their Bets

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 cost of GBX 367 per share, with a total value of £5,002.21. Also, insider Julian Fagge acquired 6,744 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average cost of GBX 369 per share, for a total transaction of £24,885.36. Insiders acquired a total of 13,536 shares of company stock valued at $4,985,253 in the last 90 days. Corporate insiders own 34.03% of the company’s stock.

North Atlantic Smaller Cos Company Profile

(Get Free Report)

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.

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