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

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

North Atlantic Smaller Cos Price Performance

The company has a 50 day moving average price of GBX 369.42 and a two-hundred day moving average price of GBX 360.73. The stock has a market cap of £513.51 million, a PE ratio of 18.04 and a beta of 0.95.

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

Insider Transactions at North Atlantic Smaller Cos

In related news, insider Julian Fagge acquired 6,744 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of GBX 369 per share, with a total value of £24,885.36. Also, insider Peregrine D. E. M. Moncreiffe acquired 1,363 shares of the 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. In the last ninety days, insiders have bought 13,536 shares of company stock worth $4,985,253. Insiders own 34.03% of the company’s stock.

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. NASCIT has been run by Christopher Mills since 1982, using a bottom-up approach when determining investment strategy.