North Atlantic Smaller Cos (LON:NAS) Reaches New 1-Year High – Time to Buy?

North Atlantic Smaller Cos (LON:NAS)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 433 and last traded at GBX 430, with a volume of 1018166 shares changing hands. The stock had previously closed at GBX 424.

North Atlantic Smaller Cos Stock Up 0.8%

The firm’s 50-day moving average is GBX 406.88 and its 200-day moving average is GBX 373.32. The company has a market capitalization of £541.02 million, a PE ratio of 19.14 and a beta of 0.95.

North Atlantic Smaller Cos (LON:NAS) last announced its quarterly earnings data on Wednesday, July 15th. The investment trust reported GBX 6.46 earnings per share for the quarter. North Atlantic Smaller Cos had a return on equity of 3.99% and a net margin of 73.06%.

Insider Activity

In other North Atlantic Smaller Cos news, insider Peregrine D. E. M. Moncreiffe purchased 1,363 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of GBX 367 per share, for a total transaction of £5,002.21. Also, insider Julian Fagge purchased 6,744 shares of North Atlantic Smaller Cos stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of GBX 369 per share, for a total transaction of £24,885.36. Corporate insiders own 34.26% 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.