Northern 2 VCT (LON:NTV) Stock Passes Above 50 Day Moving Average – What’s Next?

Northern 2 VCT (LON:NTV)’s stock price 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 traded.

Northern 2 VCT Stock Down 2.8 %

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

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

Northern 2 VCT Increases Dividend

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