Northern 2 VCT (LON:NTV) Trading Down 2.8% – Here’s What Happened

Northern 2 VCT (LON:NTV)’s stock price was down 2.8% during mid-day trading on Wednesday . The company traded as low as GBX 52 and last traded at GBX 52. Approximately 3,807 shares traded hands during trading, an increase of 70% from the average daily volume of 2,243 shares. The stock had previously closed at GBX 53.50.

Northern 2 VCT Trading Down 2.8%

The company has a market cap of £131.98 million, a P/E ratio of 14.05 and a beta of 0.22. The business’s 50 day simple moving average is GBX 54.30 and its 200 day simple moving average is GBX 54.47.

Northern 2 VCT (LON:NTV) last posted its quarterly earnings results on Thursday, November 20th. The company reported GBX 0.20 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%.

Insiders Place Their Bets

In other Northern 2 VCT news, insider Thomas Chambers acquired 49,204 shares of the stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average cost of GBX 59 per share, for a total transaction of £29,030.36. Also, insider Ranjan Ramparia bought 16,941 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average price of GBX 59 per share, with a total value of £9,995.19. Corporate insiders own 0.37% of the company’s stock.

Northern 2 VCT Company Profile

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. The fund prefers to invest in unquoted and AIM-quoted companies in the United Kingdom. It invests in all sectors, manufacturing and service businesses except real estate.