AVI Japan Opportunity (LON:AJOT) Share Price Crosses Above 200-Day Moving Average – Here’s Why

AVI Japan Opportunity (LON:AJOT) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 173.30 and traded as high as GBX 174.50. AVI Japan Opportunity shares last traded at GBX 173.50, with a volume of 116,215 shares.

AVI Japan Opportunity Price Performance

The company has a market capitalization of £389.47 million, a P/E ratio of 28.92 and a beta of 0.73. The firm’s 50-day moving average is GBX 177.26 and its 200-day moving average is GBX 173.29.

AVI Japan Opportunity (LON:AJOT) last issued its quarterly earnings results on Thursday, September 17th. The company reported GBX 2.22 earnings per share for the quarter. AVI Japan Opportunity had a net margin of 16.80% and a return on equity of 1.93%.

Insiders Place Their Bets

In related news, insider Claire Binyon bought 5,735 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were bought at an average cost of GBX 177 per share, for a total transaction of £10,150.95. Company insiders own 0.05% of the company’s stock.

About AVI Japan Opportunity

An investment trust run by Asset Value Investors (AVI), established to provide shareholders with capital growth through investing in a focussed portfolio of overcapitalised small-cap Japanese equities. AVI leverages its three decades of experience investing in asset-backed companies to engage with company management and help to unlock value for all stakeholders.