Hansa Investment (LON:HAN) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Hansa Investment Company Ltd (LON:HAN) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 326.24 and traded as low as GBX 320. Hansa Investment shares last traded at GBX 324, with a volume of 48,213 shares trading hands.

Hansa Investment Stock Performance

The company’s fifty day moving average price is GBX 326.24 and its 200-day moving average price is GBX 294.03. The stock has a market cap of £633.58 million, a P/E ratio of 16.79 and a beta of 0.27.

Hansa Investment (LON:HAN) last issued its quarterly earnings results on Wednesday, July 8th. The company reported GBX 4.40 EPS for the quarter. Hansa Investment had a net margin of 422.56% and a return on equity of 17.81%.

Hansa Investment Company Profile

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.