North European Oil Royalty Trust (NYSE:NRT) Share Price Passes Below Two Hundred Day Moving Average of $6.88

North European Oil Royalty Trust (NYSE:NRT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.88 and traded as low as $5.80. North European Oil Royalty Trust shares last traded at $5.92, with a volume of 31,857 shares changing hands.

Separately, TheStreet downgraded shares of North European Oil Royalty Trust from a “b-” rating to a “c” rating in a research report on Wednesday, June 26th.

The company has a market capitalization of $54.37 million, a price-to-earnings ratio of 7.37 and a beta of 0.43. The business’s 50-day moving average is $6.36 and its 200-day moving average is $6.88.

North European Oil Royalty Trust (NYSE:NRT) last posted its earnings results on Thursday, August 15th. The energy company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $2.15 million during the quarter. North European Oil Royalty Trust had a net margin of 90.56% and a return on equity of 9,422.13%.

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Morgan Stanley grew its position in North European Oil Royalty Trust (NYSE:NRT) by 7.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 491,149 shares of the energy company’s stock after acquiring an additional 32,974 shares during the period. Morgan Stanley owned about 5.34% of North European Oil Royalty Trust worth $3,478,000 at the end of the most recent quarter. Institutional investors and hedge funds own 13.13% of the company’s stock.

North European Oil Royalty Trust Company Profile (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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