North Atlantic Smaller Cos (LON:NAS) Stock Passes Below 200 Day Moving Average – Here’s What Happened

North Atlantic Smaller Cos (LON:NAS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,915.93 ($47.64) and traded as low as GBX 3,661.20 ($44.55). North Atlantic Smaller Cos shares last traded at GBX 3,670 ($44.65), with a volume of 18,128 shares trading hands.

North Atlantic Smaller Cos Stock Performance

The company’s fifty day moving average price is GBX 3,758.84 and its two-hundred day moving average price is GBX 3,915.93. The firm has a market capitalization of £487.38 million, a PE ratio of 22,937.50 and a beta of 0.77.

Insiders Place Their Bets

In other news, insider Peregrine D. E. M. Moncreiffe purchased 400 shares of the stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of GBX 3,842 ($46.75) per share, with a total value of £15,368 ($18,698.14). 40.37% of the stock is currently owned by insiders.

North Atlantic Smaller Cos Company Profile

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.