Albion Enterprise VCT (LON:AAEV) Reaches New 1-Year Low – Here’s Why

Albion Enterprise VCT (LON:AAEV) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 106 ($1.34) and last traded at GBX 106 ($1.34), with a volume of 533 shares changing hands. The stock had previously closed at GBX 108.50 ($1.37).

Albion Enterprise VCT Stock Down 2.3 %

The firm has a market cap of £237.91 million, a P/E ratio of 0.94 and a beta of 0.03. The stock’s 50-day simple moving average is GBX 111.39 and its 200 day simple moving average is GBX 115.98.

Albion Enterprise VCT (LON:AAEV) last released its quarterly earnings data on Wednesday, November 27th. The company reported GBX 0.69 ($0.01) earnings per share (EPS) for the quarter. Albion Enterprise VCT had a net margin of 1,726.26% and a return on equity of 85.97%.

Albion Enterprise VCT Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 6th will be given a dividend of GBX 3.28 ($0.04) per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a dividend yield of 2.89%. Albion Enterprise VCT’s dividend payout ratio (DPR) is presently 5.34%.

About Albion Enterprise VCT

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.