North Atlantic Smaller Cos (LON:NAS) Shares Pass Below 200-Day Moving Average – Should You Sell?

Shares of North Atlantic Smaller Cos (LON:NAS) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,939.56 ($49.29) and traded as low as GBX 3,610 ($45.17). North Atlantic Smaller Cos shares last traded at GBX 3,670 ($45.92), with a volume of 1,450 shares.

North Atlantic Smaller Cos Price Performance

The stock has a market cap of £493.75 million, a PE ratio of 23,237.50 and a beta of 0.77. The company has a 50-day simple moving average of GBX 3,794.77 and a 200-day simple moving average of GBX 3,939.56.

Insider Activity

In other news, insider Peregrine D. E. M. Moncreiffe purchased 400 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average price of GBX 3,842 ($48.07) per share, for a total transaction of £15,368 ($19,229.23). Insiders own 40.37% of the company’s stock.

About North Atlantic Smaller Cos

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.