North Atlantic Smaller Cos (LON:NAS) Shares Pass Below 50-Day Moving Average - Here's What Happened

Key Points

• North Atlantic Smaller Cos (LON:NAS) shares dropped below their 50-day moving average of GBX 378.88 ($5.09) during trading, reaching as low as GBX 374 ($5.02).
• The company's market capitalization stands at £491.62 million with a notably high P/E ratio of 1,188.58.
• NASCIT is focused on long-term capital appreciation by investing primarily in smaller cap public and unquoted companies, aiming for positive absolute returns with low market correlation.

North Atlantic Smaller Cos (LON:NAS - )'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 378.88 ($5.09) and traded as low as GBX 374 ($5.02). North Atlantic Smaller Cos shares last traded at GBX 377 ($5.06), with a volume of 84,948 shares.

North Atlantic Smaller Cos Stock Performance

The firm has a market capitalization of £491.62 million, a P/E ratio of 1,188.58 and a beta of 0.77. The company has a 50-day simple moving average of GBX 378.88 and a two-hundred day simple moving average of GBX 1,885.80.

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.

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