Strategic Equity Capital (LON:SEC) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Strategic Equity Capital (LON:SEC) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 387.51 and traded as high as GBX 401. Strategic Equity Capital shares last traded at GBX 388, with a volume of 99,364 shares trading hands.

Strategic Equity Capital Price Performance

The firm’s 50 day moving average price is GBX 388.72 and its 200-day moving average price is GBX 370.26. The stock has a market cap of £120.53 million, a P/E ratio of -86.19 and a beta of 0.65.

Strategic Equity Capital (LON:SEC) last announced its quarterly earnings results on Wednesday, September 23rd. The investment trust reported GBX 0.73 earnings per share for the quarter. Strategic Equity Capital had a negative net margin of 164.12% and a negative return on equity of 1.28%.

Insider Buying and Selling

In other Strategic Equity Capital news, insider Will Rogers bought 5,100 shares of the business’s stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of GBX 405 per share, for a total transaction of £20,655. Corporate insiders own 15.29% of the company’s stock.

Strategic Equity Capital Company Profile

Strategic Equity Capital is a specialist alternative equity Trust. Actively managed, it maintains a highly-concentrated portfolio of 15-25 high-quality, dynamic UK smaller companies, each operating in a niche market offering structural growth opportunities. SEC aims to achieve investment growth over a medium-term period, principally through capital growth. The team looks to find companies with the potential to double shareholder value every five years. SEC listed on the London Stock Exchange on 19 July 2005, having raised funds from a range of investors including institutions, pension funds and private banks.