Albion Enterprise VCT (LON:AAEV) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Albion Enterprise VCT (LON:AAEV)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 109.60 ($1.42) and traded as high as GBX 113 ($1.47). Albion Enterprise VCT shares last traded at GBX 113 ($1.47), with a volume of 1,329 shares changing hands.

Albion Enterprise VCT Price Performance

The company has a market cap of £253.62 million, a PE ratio of 1.01 and a beta of 0.03. The company has a 50-day moving average price of GBX 109.56 and a two-hundred day moving average price of GBX 112.78.

Albion Enterprise VCT Cuts Dividend

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

Insiders Place Their Bets

In other Albion Enterprise VCT news, insider Lord O’Shaughnessy bought 164,512 shares of the business’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of GBX 119 ($1.55) per share, with a total value of £195,769.28 ($254,212.80). 0.94% of the stock is currently owned by company 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.