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

North Atlantic Smaller Cos (LON:NAS) shares hit 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 trading hands. The stock had previously closed at GBX 424.

North Atlantic Smaller Cos Trading Up 0.5%

The firm has a market cap of £540.49 million, a price-to-earnings ratio of 19.12 and a beta of 0.95. The stock’s 50 day moving average is GBX 405.14 and its 200 day moving average is GBX 372.54.

North Atlantic Smaller Cos (LON:NAS) last issued its quarterly earnings data on Wednesday, July 15th. The investment trust reported GBX 6.46 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%.

Insiders Place Their Bets

In related news, insider Peregrine D. E. M. Moncreiffe purchased 1,363 shares of North Atlantic Smaller Cos stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of GBX 367 per share, for a total transaction of £5,002.21. Also, insider Julian Fagge acquired 6,744 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of GBX 369 per share, with a total value of £24,885.36. Insiders have bought a total of 13,536 shares of company stock valued at $4,985,253 in the last three months. 34.26% of the stock is owned by 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.