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Albion Enterprise VCT (LON:AAEV) Stock Crosses Below 50 Day Moving Average - Here's What Happened

Albion Enterprise VCT logo with Financial Services background

Albion Enterprise VCT (LON:AAEV - Get Free Report)'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 111.61 ($1.40) and traded as low as GBX 108.50 ($1.37). Albion Enterprise VCT shares last traded at GBX 111 ($1.40), with a volume of 3,791 shares traded.

Albion Enterprise VCT Price Performance

The firm's 50-day moving average price is GBX 111.45 and its 200-day moving average price is GBX 116.13. The company has a market cap of £243.52 million, a price-to-earnings ratio of 0.97 and a beta of 0.03.

Albion Enterprise VCT (LON:AAEV - Get Free Report) last released its quarterly earnings data on Wednesday, November 27th. The company reported GBX 0.69 ($0.01) earnings per share (EPS) for the quarter. Albion Enterprise VCT had a net margin of 1,726.26% and a return on equity of 85.97%.

Albion Enterprise VCT Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 6th will be issued a dividend of GBX 3.28 ($0.04) per share. This represents a yield of 2.89%. The ex-dividend date is Thursday, February 6th. Albion Enterprise VCT's payout ratio is 5.34%.

About Albion Enterprise VCT

(Get Free Report)

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.

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