British Smaller Companies VCT2 (LON:BSC) Shares Up 1.9% – Still a Buy?

Shares of British Smaller Companies VCT2 (LON:BSC) rose 1.9% during trading on Wednesday . The company traded as high as GBX 53.50 ($0.66) and last traded at GBX 53.50 ($0.66). Approximately 974 shares were traded during trading, a decline of 100% from the average daily volume of 251,154 shares. The stock had previously closed at GBX 52.50 ($0.65).

British Smaller Companies VCT2 Trading Up 1.9 %

The firm’s fifty day simple moving average is GBX 52.90 and its two-hundred day simple moving average is GBX 53.80. The company has a market capitalization of £122.29 million, a price-to-earnings ratio of 1,783.33 and a beta of -0.01.

British Smaller Companies VCT2 Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, December 24th were issued a GBX 1 ($0.01) dividend. This represents a yield of 1.87%. The ex-dividend date was Tuesday, December 24th. British Smaller Companies VCT2’s dividend payout ratio is presently 13,333.33%.

British Smaller Companies VCT2 Company Profile

British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding. It is an evergreen fund. The fund invests in a range of securities which may include ordinary and preference shares and fixed income securities, such as corporate bonds and gilts in VCT qualifying and non-qualifying securities.