Northern 2 VCT (LON:NTV) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Northern 2 VCT (LON:NTV) stock has fallen below its fifty-day moving average of GBX 54.61, trading at GBX 53 ($0.72) with a 2.8% decline.
• The company reported a net margin of 7,373.23% and a return on equity of 335.60% for its recent quarter, with an earnings per share (EPS) of GBX 0.50.
• Northern 2 VCT operates as a venture capital trust focused on growth capital investments, with a market cap of £127.45 million and a high PE ratio of 1,394.74.

Shares of Northern 2 VCT (LON:NTV - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 54.61 ($0.74) and traded as low as GBX 53 ($0.72). Northern 2 VCT shares last traded at GBX 53 ($0.72), with a volume of 5,895 shares changing hands.

Northern 2 VCT Price Performance

The firm's fifty day moving average is GBX 54.46 and its 200-day moving average is GBX 53.82. The firm has a market cap of £127.45 million, a price-to-earnings ratio of 1,394.74 and a beta of 0.22.

Northern 2 VCT (LON:NTV - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported GBX 0.50 earnings per share for the quarter. Northern 2 VCT had a net margin of 7,373.23% and a return on equity of 335.60%.

About Northern 2 VCT

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.