Hansa Investment (LON:HAN) Shares Cross Below 50 Day Moving Average – What’s Next?

Hansa Investment Company Ltd (LON:HAN) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 276.84 and traded as low as GBX 272. Hansa Investment shares last traded at GBX 274.21, with a volume of 33,683 shares changing hands.

Hansa Investment Stock Performance

The firm has a market capitalization of £548.44 million, a P/E ratio of 14.21 and a beta of 0.13. The stock’s 50 day simple moving average is GBX 276.84 and its 200 day simple moving average is GBX 271.38.

Insiders Place Their Bets

In other news, insider Pedro Gonçalves bought 17,800 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was acquired at an average cost of GBX 276 per share, with a total value of £49,128. 20.17% of the stock is currently owned by company insiders.

About Hansa Investment

Hansa Investment Company Limited is a closed-ended equity fund of funds launched and managed by Hanseatic Asset Management LBG. The fund is co-managed by Hansa Capital Partners LLP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies involved in special situations, with a bias towards small cap companies. The fund also invests through other third party funds. It benchmarks the performance of its portfolios against the FTSE All Share Index and MSCI All Country World & Frontier Markets Index.