Northern 2 VCT (LON:NTV) Shares Cross Above 50-Day Moving Average – Time to Sell?

Northern 2 VCT (LON:NTV) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 52.56 ($0.66) and traded as high as GBX 53.50 ($0.67). Northern 2 VCT shares last traded at GBX 52 ($0.65), with a volume of 4,000 shares trading hands.

Northern 2 VCT Stock Performance

The firm’s 50 day simple moving average is GBX 52.56 and its 200 day simple moving average is GBX 52.87. The firm has a market capitalization of £115.07 million, a price-to-earnings ratio of 0.27 and a beta of 0.22.

Northern 2 VCT (LON:NTV) last announced its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.20 ($0.00) EPS for the quarter. Northern 2 VCT had a net margin of 7,373.23% and a return on equity of 335.60%.

Northern 2 VCT Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Thursday, December 19th were paid a dividend of GBX 1.70 ($0.02) per share. This represents a yield of 3.12%. This is a boost from Northern 2 VCT’s previous dividend of $1.20. The ex-dividend date was Thursday, December 19th. Northern 2 VCT’s payout ratio is presently 1.58%.

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.