Octopus Titan VCT (LON:OTV2) Trading Down 8.6% – Here’s Why

Octopus Titan VCT (LON:OTV2) was down 8.6% during mid-day trading on Wednesday . The stock traded as low as GBX 16 and last traded at GBX 16. 2,764 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 57,020 shares. The stock had previously closed at GBX 17.50.

Octopus Titan VCT Stock Performance

The stock’s 50 day simple moving average is GBX 17.57 and its 200 day simple moving average is GBX 18.50. The firm has a market cap of £263.71 million, a P/E ratio of -2.91 and a beta of -0.09.

Octopus Titan VCT (LON:OTV2) last released its quarterly earnings data on Wednesday, April 29th. The company reported GBX 0.10 earnings per share for the quarter. The firm had revenue of GBX 807 million for the quarter. Octopus Titan VCT had a net margin of 238.29% and a negative return on equity of 15.45%.

About Octopus Titan VCT

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors. The fund invests in smaller unquoted companies based in the United Kingdom. It prefers to invest between £0.25 million ($0.35 million) and £25 million ($35.3 million) in first round of funding.