Maven Income and Growth VCT 3 (LON:MIG3) Reaches New 52-Week Low – Here’s Why

Maven Income and Growth VCT 3 PLC (LON:MIG3) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 32.20 and last traded at GBX 41.40, with a volume of 2407 shares trading hands. The stock had previously closed at GBX 42.40.

Maven Income and Growth VCT 3 Price Performance

The company has a market capitalization of £64.00 million, a price-to-earnings ratio of 45.05 and a beta of 0.13. The firm’s 50-day simple moving average is GBX 42.67 and its two-hundred day simple moving average is GBX 43.50.

Maven Income and Growth VCT 3 (LON:MIG3) last announced its quarterly earnings results on Tuesday, July 21st. The company reported GBX 0.12 EPS for the quarter. Maven Income and Growth VCT 3 had a negative return on equity of 0.77% and a negative net margin of 30.02%.

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.