Albion Enterprise VCT (LON:AAEV) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Albion Enterprise VCT (LON:AAEV)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 109.78 ($1.42) and traded as high as GBX 110.50 ($1.43). Albion Enterprise VCT shares last traded at GBX 110 ($1.42), with a volume of 300 shares changing hands.

Albion Enterprise VCT Trading Down 0.5 %

The firm has a market capitalization of £246.89 million, a price-to-earnings ratio of 0.98 and a beta of 0.03. The firm has a fifty day moving average price of GBX 109.78 and a 200 day moving average price of GBX 113.60.

Albion Enterprise VCT Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 6th were paid a GBX 3.28 ($0.04) dividend. This represents a yield of 2.89%. The ex-dividend date was Thursday, February 6th. Albion Enterprise VCT’s dividend payout ratio is currently 5.34%.

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.