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Foresight VCT (LON:FTV) Shares Cross Below 50 Day Moving Average - Here's What Happened

Foresight VCT logo with Financial Services background

Foresight VCT (LON:FTV - Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 69.54 ($0.94) and traded as low as GBX 63.50 ($0.85). Foresight VCT shares last traded at GBX 63.50 ($0.85), with a volume of 25,962 shares traded.

Foresight VCT Stock Performance

The stock has a 50 day moving average price of GBX 69.54 and a 200 day moving average price of GBX 72.26. The company has a market cap of £190.73 million, a P/E ratio of 7.75 and a beta of 0.04.

Foresight VCT (LON:FTV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported GBX 0.70 ($0.01) EPS for the quarter. Foresight VCT had a return on equity of 10.05% and a net margin of 75.85%.

Foresight VCT Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a GBX 6.40 ($0.09) dividend. This represents a dividend yield of 8.59%. The ex-dividend date was Thursday, May 15th. This is an increase from Foresight VCT's previous dividend of $4.40. Foresight VCT's payout ratio is currently 48.81%.

About Foresight VCT

(Get Free Report)

Foresight VCT Plc is a private equity and buyouts firm, venture capital trust and managed by Foresight Group. This fund invests in SME, later stage growth capital opportunities across a range of sectors. It engages in investments in unquoted or AIM-listed companies in the United Kingdom. It invests in technology companies in United Kingdom.

Further Reading

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