Octopus Titan VCT (LON:OTV2) Stock Price Down 8.6% – Here’s What Happened

Shares of Octopus Titan VCT (LON:OTV2) were down 8.6% during mid-day trading on Wednesday . The company traded as low as GBX 16 and last traded at GBX 16. 2,764 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 57,020 shares. The stock had previously closed at GBX 17.50.

Octopus Titan VCT Price Performance

The company has a 50 day moving average of GBX 17.45 and a 200-day moving average of GBX 18.52. The company has a market cap of £263.71 million, a P/E ratio of -2.91 and a beta of -0.09.

Octopus Titan VCT (LON:OTV2) last announced its earnings results on Wednesday, April 29th. The company reported GBX 0.10 earnings per share for the quarter. Octopus Titan VCT had a negative return on equity of 15.45% and a net margin of 238.29%.The business had revenue of GBX 807 million for the quarter.

About Octopus Titan VCT

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors. The fund invests in smaller unquoted companies based in the United Kingdom. It prefers to invest between £0.25 million ($0.35 million) and £25 million ($35.3 million) in first round of funding.