Albion Enterprise VCT (LON:AAEV) Shares Cross Above 50-Day Moving Average – Here’s Why

Albion Enterprise VCT (LON:AAEV)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 109.60 ($1.42) and traded as high as GBX 113 ($1.47). Albion Enterprise VCT shares last traded at GBX 113 ($1.47), with a volume of 1,329 shares trading hands.

Albion Enterprise VCT Stock Up 2.3 %

The company has a 50 day simple moving average of GBX 109.56 and a 200-day simple moving average of GBX 112.78. The stock has a market cap of £253.62 million, a price-to-earnings ratio of 1.01 and a beta of 0.03.

Albion Enterprise VCT Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 6th were paid a dividend of GBX 3.28 ($0.04) per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a yield of 2.89%. Albion Enterprise VCT’s payout ratio is 5.34%.

Insider Transactions at Albion Enterprise VCT

In related news, insider Lord O’Shaughnessy acquired 164,512 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of GBX 119 ($1.55) per share, for a total transaction of £195,769.28 ($254,212.80). Insiders own 0.94% of the company’s stock.

About Albion Enterprise VCT

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.