Maven Income and Growth VCT 3 (LON:MIG3) Reaches New 12-Month Low – Here’s What Happened

Maven Income and Growth VCT 3 PLC (LON:MIG3)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 32.20 and last traded at GBX 40, with a volume of 6102 shares changing hands. The stock had previously closed at GBX 40.

Maven Income and Growth VCT 3 Stock Performance

The company has a 50 day moving average price of GBX 42.58 and a 200 day moving average price of GBX 43.43. The firm has a market cap of £62.44 million, a PE ratio of 43.96 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3) last released its quarterly earnings data on Tuesday, July 21st. The company reported GBX 0.12 earnings per share for the quarter. Maven Income and Growth VCT 3 had a negative return on equity of 0.77% and a negative net margin of 30.02%.

Maven Income and Growth VCT 3 Company Profile

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential. It invests up to £1million ($1.65 million) in any company in one year and no more than 15 percent of the company's assets by cost in one business at any time.