ProVen VCT (LON:PVN) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

ProVen VCT (LON:PVN)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 58.67 and traded as low as GBX 57. ProVen VCT shares last traded at GBX 58.33, with a volume of 5,591,660 shares traded.

ProVen VCT Price Performance

The stock has a 50 day simple moving average of GBX 58.67 and a two-hundred day simple moving average of GBX 58.68. The company has a market cap of £168.78 million, a PE ratio of 20.11 and a beta of 0.02.

ProVen VCT (LON:PVN) last announced its earnings results on Tuesday, January 6th. The company reported GBX 0.20 earnings per share (EPS) for the quarter. ProVen VCT had a net margin of 67.04% and a return on equity of 5.22%.

ProVen VCT Company Profile

ProVen VCT plc is a venture capital trust specializing in emerging growth stage investment,expansion and management buyouts. The fund invests in small and medium sized smaller companies. It does not invest in startups. It seeks to invest in non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt related securities in growth companies and non-qualifying venture capital investments. It invests in unquoted and AIM-listed companies and SMEs based in United Kingdom.