Maven Income and Growth VCT 3 (LON:MIG3) Shares Pass Below Fifty Day Moving Average – Here’s Why

Maven Income and Growth VCT 3 PLC (LON:MIG3)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 41.12 and traded as low as GBX 41. Maven Income and Growth VCT 3 shares last traded at GBX 42, with a volume of 3 shares traded.

Maven Income and Growth VCT 3 Price Performance

The stock has a market cap of £63.95 million, a P/E ratio of -215.79 and a beta of 0.13. The firm’s 50-day moving average is GBX 41.12 and its two-hundred day moving average is GBX 42.79.

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

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.