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

Key Points

• Maven Income and Growth VCT 3 PLC shares hit a new 52-week low of GBX 33.40 ($0.45) during trading, indicating a significant drop with a last trading price of GBX 43 ($0.58).
• The company reported a net margin of 26.21% and a return on equity of 1.12% in its latest earnings results.
• Maven Income and Growth VCT 3 focuses on venture capital investments in smaller unquoted and AIM quoted companies in the UK, prioritizing long-term capital appreciation.

Shares of Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 33.40 ($0.45) and last traded at GBX 43 ($0.58), with a volume of 823 shares. The stock had previously closed at GBX 44 ($0.59).

Maven Income and Growth VCT 3 Stock Down 2.3%

The company has a market capitalization of £53.60 million, a P/E ratio of 73.55 and a beta of 0.13. The company's 50-day simple moving average is GBX 45.42 and its 200 day simple moving average is GBX 46.61.

Maven Income and Growth VCT 3 (LON:MIG3 - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported GBX 0.23 ($0.00) 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%.

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.

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