Albion Enterprise VCT (LON:AAEV) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Albion Enterprise VCT (LON:AAEV - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 109.66 ($1.43) and traded as high as GBX 113 ($1.48). Albion Enterprise VCT shares last traded at GBX 113 ($1.48), with a volume of 11 shares traded.

Albion Enterprise VCT Stock Up 2.3 %

The firm has a market capitalization of £253.62 million, a price-to-earnings ratio of 1.01 and a beta of 0.03. The stock's 50-day moving average price is GBX 109.58 and its 200 day moving average price is GBX 111.90.

Albion Enterprise VCT Cuts Dividend

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

Insider Activity at Albion Enterprise VCT

In other news, insider Lord O’Shaughnessy acquired 164,512 shares of the company's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of GBX 119 ($1.56) per share, with a total value of £195,769.28 ($256,141.93). 0.94% of the stock is owned by insiders.

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.