Hansa Investment (LON:HAN) Share Price Breaks Below 50-Day Moving Average – Time to Sell?

Hansa Investment Company Ltd (LON:HAN) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 333.65 and traded as low as GBX 332. Hansa Investment shares last traded at GBX 332, with a volume of 42,911 shares trading hands.

Hansa Investment Trading Up 0.6%

The business has a fifty day simple moving average of GBX 333.65 and a two-hundred day simple moving average of GBX 309.07. The company has a market cap of £647.48 million, a PE ratio of 3.72 and a beta of 0.21.

Insider Activity

In other Hansa Investment news, insider Richard Lightowler bought 74,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average price of GBX 338 per share, with a total value of £250,120. 17.72% of the stock is owned by insiders.

Hansa Investment Company Profile

Hansa Investment Company Limited is a closed-ended equity fund of funds launched and managed by Hanseatic Asset Management LBG. The fund is co-managed by Hansa Capital Partners LLP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies involved in special situations, with a bias towards small cap companies. The fund also invests through other third party funds. It benchmarks the performance of its portfolios against the FTSE All Share Index and MSCI All Country World & Frontier Markets Index.