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

Albion Enterprise VCT (LON:AAEV - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 109.60 ($1.41) and traded as high as GBX 113 ($1.46). Albion Enterprise VCT shares last traded at GBX 113 ($1.46), with a volume of 1,329 shares.

Albion Enterprise VCT Stock Down 2.3 %

The stock has a market capitalization of £242.40 million, a P/E ratio of 0.96 and a beta of 0.03. The company has a fifty day simple moving average of GBX 109.52 and a two-hundred day simple moving average of GBX 112.54.

Albion Enterprise VCT Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors 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 Buying and Selling at Albion Enterprise VCT

In other Albion Enterprise VCT news, insider Lord O’Shaughnessy purchased 164,512 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of GBX 119 ($1.53) per share, with a total value of £195,769.28 ($252,442.66). Insiders own 0.94% of the company's stock.

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.