Hansa Investment (LON:HAN) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Hansa Investment Company Ltd (LON:HAN) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 271.33 and traded as low as GBX 270. Hansa Investment shares last traded at GBX 270, with a volume of 108,997 shares trading hands.

Hansa Investment Price Performance

The company has a 50-day simple moving average of GBX 271.33 and a 200-day simple moving average of GBX 268.38. The stock has a market cap of £558.19 million, a PE ratio of 14.19 and a beta of 0.68.

Hansa Investment (LON:HAN) last issued its earnings results on Wednesday, October 29th. The company reported GBX 7.90 EPS for the quarter. Hansa Investment had a net margin of 95.67% and a return on equity of 19.42%.

Hansa Investment Company Profile

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.