Northern 2 VCT (LON:NTV) Shares Pass Above Fifty Day Moving Average – Here’s Why

Northern 2 VCT (LON:NTV) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 51.62 and traded as high as GBX 53. Northern 2 VCT shares last traded at GBX 51.50, with a volume of 33,746 shares.

Northern 2 VCT Stock Down 2.8%

The stock has a market capitalization of £138.73 million, a price-to-earnings ratio of -85.83 and a beta of 0.22. The business’s 50 day simple moving average is GBX 51.58 and its 200-day simple moving average is GBX 52.66.

Northern 2 VCT (LON:NTV) last released its earnings results on Tuesday, June 16th. The company reported GBX 0.30 EPS for the quarter. Northern 2 VCT had a negative net margin of 94.70% and a negative return on equity of 1.11%. The firm had revenue of GBX 215 million for the quarter.

Northern 2 VCT Company Profile

Northern 2 VCT PLC is a venture capital trust specializing in direct and fund of funds investments. It prefer to invest in growth capital investments. Within direct, the fund seeks to invest in middle market, later stage, buyout, mature, and early stage investments. Within fund of funds, it makes private equity fund investments. The fund prefers to invest in unquoted and AIM-quoted companies in the United Kingdom. It invests in all sectors, manufacturing and service businesses except real estate.