Northern 2 VCT (LON:NTV) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Northern 2 VCT (LON:NTV)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 52.78 ($0.66) and traded as low as GBX 51 ($0.64). Northern 2 VCT shares last traded at GBX 51 ($0.64), with a volume of 825 shares trading hands.

Northern 2 VCT Stock Down 1.0 %

The firm’s fifty day simple moving average is GBX 52.78 and its 200-day simple moving average is GBX 52.93. The firm has a market capitalization of £116.36 million, a PE ratio of 5,200.00 and a beta of 0.22.

Northern 2 VCT (LON:NTV) last posted its earnings results on Thursday, November 21st. The company reported GBX 0.20 ($0.00) EPS for the quarter. Northern 2 VCT had a return on equity of 2.49% and a net margin of 51.69%.

Northern 2 VCT Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Thursday, December 19th were paid a GBX 1.70 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, December 19th. This is a positive change from Northern 2 VCT’s previous dividend of $1.20. This represents a dividend yield of 3.12%. Northern 2 VCT’s payout ratio is currently 30,000.00%.

About Northern 2 VCT

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.