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

North Atlantic Smaller Cos (LON:NAS) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 413 and last traded at GBX 413, with a volume of 141764 shares traded. The stock had previously closed at GBX 406.

North Atlantic Smaller Cos Stock Down 1.2%

The firm has a market cap of £521.43 million, a price-to-earnings ratio of 18.32 and a beta of 0.95. The stock has a 50 day moving average of GBX 380.14 and a 200 day moving average of GBX 363.40.

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

Insider Buying and Selling

In related news, insider Julian Fagge purchased 6,744 shares of North Atlantic Smaller Cos stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of GBX 369 per share, for a total transaction of £24,885.36. Also, insider Peregrine D. E. M. Moncreiffe purchased 1,363 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of GBX 367 per share, for a total transaction of £5,002.21. Over the last 90 days, insiders bought 13,536 shares of company stock worth $4,985,253. 34.03% of the stock is currently owned by corporate insiders.

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. NASCIT has been run by Christopher Mills since 1982, using a bottom-up approach when determining investment strategy.