Maven Income and Growth VCT 3 (LON:MIG3) Shares Pass Below Fifty Day Moving Average – Here’s Why

Maven Income and Growth VCT 3 PLC (LON:MIG3) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 43.60 ($0.58) and traded as low as GBX 43 ($0.57). Maven Income and Growth VCT 3 shares last traded at GBX 43 ($0.57), with a volume of 1,564 shares changing hands.

Maven Income and Growth VCT 3 Stock Up 2.3%

The company’s fifty day moving average is GBX 43.60 and its 200 day moving average is GBX 45.08. The stock has a market cap of £62.21 million, a PE ratio of 30,000.00 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported GBX 0.23 earnings per share (EPS) for the quarter. Maven Income and Growth VCT 3 had a net margin of 26.21% and a return on equity of 1.12%.

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.