ProVen VCT (LON:PVN) Stock Passes Above Fifty Day Moving Average – Should You Sell?

ProVen VCT (LON:PVN) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 56.54 and traded as high as GBX 57. ProVen VCT shares last traded at GBX 55.50, with a volume of 14 shares changing hands.

ProVen VCT Stock Performance

The business has a fifty day simple moving average of GBX 56.54 and a 200 day simple moving average of GBX 57.46. The stock has a market capitalization of £165.31 million, a price-to-earnings ratio of 69.38 and a beta of 0.02.

ProVen VCT (LON:PVN) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 0.20 earnings per share for the quarter. The firm had revenue of GBX 220 million for the quarter. ProVen VCT had a return on equity of 1.31% and a net margin of 34.88%.

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.