Albion Enterprise VCT (LON:AAEV) Stock Crosses Above 50-Day Moving Average – Here’s Why

Albion Enterprise VCT (LON:AAEV) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 109.40 ($1.45) and traded as high as GBX 110.50 ($1.47). Albion Enterprise VCT shares last traded at GBX 106 ($1.41), with a volume of 24 shares traded.

Albion Enterprise VCT Stock Performance

The stock has a market capitalization of £237.91 million, a price-to-earnings ratio of 0.94 and a beta of 0.03. The company has a fifty day simple moving average of GBX 109.30 and a two-hundred day simple moving average of GBX 111.59.

Albion Enterprise VCT Cuts Dividend

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

Insider Activity at Albion Enterprise VCT

In related news, insider Lord O?Shaughnessy bought 164,512 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of GBX 119 ($1.58) per share, with a total value of £195,769.28 ($259,744.30). 0.94% of the stock is owned by insiders.

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.