ProVen VCT (LON:PVN) Hits New 1-Year Low – Should You Sell?

Shares of ProVen VCT (LON:PVN) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 57 ($0.77) and last traded at GBX 57 ($0.77), with a volume of 25000 shares trading hands. The stock had previously closed at GBX 59.50 ($0.81).

ProVen VCT Trading Down 4.2%

The company has a 50 day moving average of GBX 59.34 and a 200 day moving average of GBX 59.20. The firm has a market cap of £155.07 million, a price-to-earnings ratio of 16.39 and a beta of 0.02.

ProVen VCT (LON:PVN) last issued its quarterly earnings data on Monday, June 9th. The company reported GBX 0.20 ($0.00) earnings per share (EPS) for the quarter. ProVen VCT had a return on equity of 5.22% and a net margin of 67.04%.

Insider Buying and Selling

In other ProVen VCT news, insider James Barbour-Smit purchased 23,376 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of GBX 64 ($0.87) per share, with a total value of £14,960.64 ($20,274.62). 0.16% of the stock is currently owned by corporate insiders.

ProVen VCT Company Profile

ProVen VCT plc is a venture capital trust specializing in emerging growth stage investment,expansion and management buyouts. The fund invests in small and medium sized smaller companies. It does not invest in startups. It seeks to invest in non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt related securities in growth companies and non-qualifying venture capital investments.