Maven Income and Growth VCT 3 (LON:MIG3) Hits New 52-Week Low - What's Next?

Key Points

• Maven Income and Growth VCT 3 (LON:MIG3) stock price has reached a new 52-week low, trading as low as GBX 33.40 ($0.45) on Monday before closing at GBX 43 ($0.58).
• The company has a market cap of £53.60 million and reported earnings per share of GBX 0.23 ($0.00) in its last quarterly earnings.
• Maven Income and Growth VCT 3 focuses on development capital and early-stage investments, mainly in smaller unquoted companies and AIM quoted companies in the UK.

Shares of Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 33.40 ($0.44) and last traded at GBX 43 ($0.57), with a volume of 16156 shares. The stock had previously closed at GBX 44 ($0.58).

Maven Income and Growth VCT 3 Stock Performance

The company has a market capitalization of £53.60 million, a price-to-earnings ratio of 73.55 and a beta of 0.13. The business's 50-day simple moving average is GBX 45.71 and its 200-day simple moving average is GBX 46.83.

Maven Income and Growth VCT 3 (LON:MIG3 - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported GBX 0.23 ($0.00) earnings per share (EPS) for the quarter. Maven Income and Growth VCT 3 had a return on equity of 1.12% and a net margin of 26.21%.

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.