Albion Enterprise VCT (LON:AAEV) Reaches New 12-Month Low – Here’s What Happened

Albion Enterprise VCT (LON:AAEV)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 109 ($1.34) and last traded at GBX 114 ($1.41), with a volume of 51 shares changing hands. The stock had previously closed at GBX 111.50 ($1.37).

Albion Enterprise VCT Stock Up 2.2 %

The stock has a 50 day moving average of GBX 111.80 and a 200 day moving average of GBX 117.56. The company has a market capitalization of £126.59 million, a price-to-earnings ratio of 3,800.00 and a beta of 0.03.

Albion Enterprise VCT (LON:AAEV) last posted its quarterly earnings results on Wednesday, November 27th. The company reported GBX 0.69 ($0.01) earnings per share for the quarter. Albion Enterprise VCT had a net margin of 34.61% and a return on equity of 1.38%.

Albion Enterprise VCT Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 6th will be paid a GBX 3.28 ($0.04) dividend. The ex-dividend date is Thursday, February 6th. This represents a yield of 2.89%. Albion Enterprise VCT’s dividend payout ratio (DPR) is 20,000.00%.

Albion Enterprise VCT Company Profile

Albion Enterprise VCT PLC is a venture capital trust specializing in early and growth stage investments. It seeks to invest in the information technology, software, pharmaceutical services, leisure sector, healthcare technology and fintech sector related companies. It does not invest in companies that deal in property or shares and securities, banking and agriculture.