Hansa Investment (LON:HAN) Shares Pass Below Fifty Day Moving Average – Here’s Why

Hansa Investment Company Ltd (LON:HAN) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 276.06 and traded as low as GBX 274. Hansa Investment shares last traded at GBX 280, with a volume of 25,561 shares trading hands.

Hansa Investment Price Performance

The company’s 50 day simple moving average is GBX 276.06 and its 200 day simple moving average is GBX 271.29. The company has a market capitalization of £560.02 million, a PE ratio of 14.51 and a beta of 0.13.

Insider Activity

In related news, insider Pedro Gonçalves bought 17,800 shares of the stock in a transaction dated Wednesday, January 28th. The stock was acquired at an average price of GBX 276 per share, for a total transaction of £49,128. Insiders own 20.17% of the company’s stock.

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.