North Atlantic Smaller Cos (LON:NAS) Reaches New 52-Week High – Still a Buy?

North Atlantic Smaller Cos (LON:NAS)’s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 413 and last traded at GBX 413, with a volume of 141764 shares changing hands. The stock had previously closed at GBX 406.

North Atlantic Smaller Cos Stock Down 1.2%

The business has a fifty day moving average price of GBX 380.14 and a 200-day moving average price of GBX 363.40. The company has a market cap of £521.43 million, a P/E ratio of 18.32 and a beta of 0.95.

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

Insider Buying and Selling at North Atlantic Smaller Cos

In other news, insider Peregrine D. E. M. Moncreiffe bought 1,363 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of GBX 367 per share, with a total value of £5,002.21. Also, insider Julian Fagge bought 6,744 shares of North Atlantic Smaller Cos stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of GBX 369 per share, with a total value of £24,885.36. Insiders have acquired a total of 13,536 shares of company stock worth $4,985,253 in the last quarter. Company insiders own 34.03% of the company’s stock.

About North Atlantic Smaller Cos

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.