British Smaller Companies VCT2 (LON:BSC) Trading Down 1.9% – Should You Sell?

British Smaller Companies VCT2 (LON:BSC)’s stock price dropped 1.9% during trading on Wednesday . The stock traded as low as GBX 51.50 ($0.63) and last traded at GBX 51.50 ($0.63). Approximately 28,565 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 618,040 shares. The stock had previously closed at GBX 52.50 ($0.64).

British Smaller Companies VCT2 Stock Performance

The stock has a market capitalization of £117.72 million, a PE ratio of 1,716.67 and a beta of -0.01. The business’s 50-day moving average price is GBX 53.14 and its 200 day moving average price is GBX 54.06.

British Smaller Companies VCT2 Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 24th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, December 24th. British Smaller Companies VCT2’s payout ratio is 13,333.33%.

British Smaller Companies VCT2 Company Profile

British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding. It is an evergreen fund. The fund invests in a range of securities which may include ordinary and preference shares and fixed income securities, such as corporate bonds and gilts in VCT qualifying and non-qualifying securities.