Maven Income and Growth VCT 3 (LON:MIG3) Sets New 52-Week Low - Here's Why

Key Points

• Maven Income and Growth VCT 3 PLC reached a new 52-week low of GBX 33.40 ($0.45) during trading, and last traded at GBX 43 ($0.58), down 2.3% from its previous close.
• The company's market cap stands at £59.19 million with a very high P/E ratio of 28,666.67 and a low beta of 0.13, indicating low volatility.
• Maven Income and Growth VCT 3 specializes in venture capital investments, focusing on smaller unquoted and AIM quoted companies in the UK with strong growth potential.

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 33.40 ($0.45) and last traded at GBX 43 ($0.58), with a volume of 15160 shares traded. The stock had previously closed at GBX 44 ($0.59).

Maven Income and Growth VCT 3 Stock Performance

The firm has a 50-day moving average price of GBX 44 and a two-hundred day moving average price of GBX 45.65. The firm has a market cap of £60.57 million, a price-to-earnings ratio of 29,333.33 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3 - Get Free Report) last announced 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 return on equity of 1.12% and a net margin of 26.21%.

Maven Income and Growth VCT 3 Company Profile

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.