North European Oil Royalty Trust (NYSE:NRT) Shares Pass Above Fifty Day Moving Average of $5.68

North European Oil Royalty Trust (NYSE:NRT)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.68 and traded as high as $5.78. North European Oil Royalty Trust shares last traded at $5.73, with a volume of 17,298 shares.

The company has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $6.29. The firm has a market capitalization of $52.66 million, a price-to-earnings ratio of 6.99 and a beta of 0.46.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings data on Friday, November 15th. The energy company reported $0.16 EPS for the quarter. The firm had revenue of $1.66 million for the quarter. North European Oil Royalty Trust had a return on equity of 8,327.43% and a net margin of 90.83%.

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Halsey Associates Inc. CT purchased a new position in shares of North European Oil Royalty Trust (NYSE:NRT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 90,432 shares of the energy company’s stock, valued at approximately $551,000. Halsey Associates Inc. CT owned 0.98% of North European Oil Royalty Trust as of its most recent SEC filing. 11.38% of the stock is currently owned by institutional investors.

About North European Oil Royalty Trust (NYSE:NRT)

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.

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