Maven Income and Growth VCT 3 (LON:MIG3) Hits New 1-Year Low – Time to Sell?

Maven Income and Growth VCT 3 PLC (LON:MIG3) hit a new 52-week low on Thursday . The company traded as low as GBX 32.20 and last traded at GBX 41.40, with a volume of 7605 shares traded. The stock had previously closed at GBX 42.40.

Maven Income and Growth VCT 3 Stock Performance

The firm’s fifty day moving average is GBX 42.89 and its 200 day moving average is GBX 43.52. The firm has a market cap of £64.62 million, a P/E ratio of 45.49 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3) last released its quarterly earnings results on Tuesday, July 21st. The company reported GBX 0.12 earnings per share for the quarter. Maven Income and Growth VCT 3 had a return on equity of 1.83% and a net margin of 36.24%.

About Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential. It invests up to £1million ($1.65 million) in any company in one year and no more than 15 percent of the company's assets by cost in one business at any time.