Northern 2 VCT (LON:NTV) Shares Cross Above 50-Day Moving Average – Here’s Why

Northern 2 VCT (LON:NTVGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 51.77 and traded as high as GBX 55.50. Northern 2 VCT shares last traded at GBX 52.50, with a volume of 30,385 shares traded.

Northern 2 VCT Trading Down 2.8%

The company has a market cap of £141.43 million, a P/E ratio of -87.50 and a beta of 0.22. The company has a 50 day moving average price of GBX 51.77 and a 200-day moving average price of GBX 52.78.

Northern 2 VCT (LON:NTVGet Free Report) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX 0.30 earnings per share (EPS) for the quarter. The company had revenue of GBX 215 million during the quarter. Northern 2 VCT had a negative net margin of 94.70% and a negative return on equity of 1.11%.

Northern 2 VCT Company Profile

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Northern 2 VCT PLC is a venture capital trust specializing in direct and fund of funds investments. It prefer to invest in growth capital investments. Within direct, the fund seeks to invest in middle market, later stage, buyout, mature, and early stage investments. Within fund of funds, it makes private equity fund investments. The fund prefers to invest in unquoted and AIM-quoted companies in the United Kingdom. It invests in all sectors, manufacturing and service businesses except real estate.

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