Albion Enterprise VCT (LON:AAEV) Stock Crosses Above 50-Day Moving Average – What’s Next?

Albion Enterprise VCT (LON:AAEV)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 111.96 ($1.36) and traded as high as GBX 114 ($1.39). Albion Enterprise VCT shares last traded at GBX 114 ($1.39), with a volume of 4 shares.

Albion Enterprise VCT Trading Up 2.2 %

The company’s 50-day simple moving average is GBX 111.88 and its 200 day simple moving average is GBX 117.77. The stock has a market cap of £126.59 million, a P/E ratio of 3,800.00 and a beta of 0.03.

Albion Enterprise VCT Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 6th will be paid a dividend of GBX 3.28 ($0.04) per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a dividend yield of 2.89%. Albion Enterprise VCT’s payout ratio is currently 20,000.00%.

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.