ProVen VCT (LON:PVN) Sets New 52-Week Low – Here’s Why

ProVen VCT (LON:PVN)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 57 and last traded at GBX 57, with a volume of 715 shares. The stock had previously closed at GBX 58.50.

ProVen VCT Price Performance

The company’s 50-day simple moving average is GBX 58.23 and its 200-day simple moving average is GBX 58.64. The stock has a market capitalization of £164.93 million, a price-to-earnings ratio of 19.66 and a beta of 0.02.

ProVen VCT (LON:PVN) last announced its earnings results on Tuesday, January 6th. The company reported GBX 0.20 earnings per share (EPS) for the quarter. ProVen VCT had a return on equity of 1.48% and a net margin of 73.18%.

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.