Albion Enterprise VCT (LON:AAEV) Shares Pass Above 50-Day Moving Average - What's Next?

Shares of Albion Enterprise VCT (LON:AAEV - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 109.78 ($1.42) and traded as high as GBX 110.50 ($1.43). Albion Enterprise VCT shares last traded at GBX 110 ($1.42), with a volume of 300 shares changing hands.

Albion Enterprise VCT Stock Down 0.5 %

The company has a market capitalization of £246.89 million, a P/E ratio of 0.98 and a beta of 0.03. The business's 50-day moving average is GBX 109.76 and its two-hundred day moving average is GBX 113.39.

Albion Enterprise VCT Cuts Dividend

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

Insider Activity

In related news, insider Lord O’Shaughnessy acquired 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 ($1.54) per share, for a total transaction of £195,769.28 ($252,964.57). 0.94% of the stock is currently owned by corporate 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.