Albion Enterprise VCT (LON:AAEV) Share Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Albion Enterprise VCT (LON:AAEV) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 111.61 ($1.39) and traded as low as GBX 108.50 ($1.35). Albion Enterprise VCT shares last traded at GBX 111 ($1.38), with a volume of 3,791 shares traded.

Albion Enterprise VCT Stock Performance

The company has a market capitalization of £123.25 million, a price-to-earnings ratio of 3,700.00 and a beta of 0.03. The business’s 50 day moving average is GBX 111.61 and its 200 day moving average is GBX 116.38.

Albion Enterprise VCT (LON:AAEV) last posted its quarterly earnings data on Wednesday, November 27th. The company reported GBX 0.69 ($0.01) EPS for the quarter. Albion Enterprise VCT had a net margin of 34.61% and a return on equity of 1.38%.

Albion Enterprise VCT Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 6th will be issued a GBX 3.28 ($0.04) dividend. This represents a dividend yield of 2.89%. The ex-dividend date is Thursday, February 6th. Albion Enterprise VCT’s dividend payout ratio is presently 20,000.00%.

Albion Enterprise VCT Company Profile

Albion Enterprise VCT PLC is a venture capital trust specializing in early and growth stage investments. It seeks to invest in the information technology, software, pharmaceutical services, leisure sector, healthcare technology and fintech sector related companies. It does not invest in companies that deal in property or shares and securities, banking and agriculture.