Albion Enterprise VCT (LON:AAEV) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Albion Enterprise VCT (LON:AAEV - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 109.40 ($1.45) and traded as high as GBX 110.50 ($1.47). Albion Enterprise VCT shares last traded at GBX 106 ($1.41), with a volume of 24 shares traded.

Albion Enterprise VCT Stock Performance

The company has a market capitalization of £248.01 million, a P/E ratio of 0.98 and a beta of 0.03. The business has a fifty day moving average of GBX 109.20 and a 200-day moving average of GBX 111.36.

Albion Enterprise VCT Cuts Dividend

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

Insider Buying and Selling

In related news, insider Lord O’Shaughnessy purchased 164,512 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of GBX 119 ($1.58) per share, for a total transaction of £195,769.28 ($260,296.88). 0.94% of the stock is currently owned by company insiders.

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.