Maven Income and Growth VCT 3 (LON:MIG3) Stock Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• Shares of Maven Income and Growth VCT 3 PLC have fallen below their 50-day moving average of GBX 43.96, trading as low as GBX 43 during recent sessions.
• The company’s market capitalization stands at £61.95 million with a PE ratio of 30,000.00, indicating potential concerns around valuation.
• Maven Income and Growth VCT 3 aims to achieve long-term capital appreciation through investments in smaller unquoted and AIM quoted companies in the UK.

Shares of Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 43.96 ($0.59) and traded as low as GBX 43 ($0.57). Maven Income and Growth VCT 3 shares last traded at GBX 45 ($0.60), with a volume of 9,841 shares.

Maven Income and Growth VCT 3 Trading Up 2.3%

The company has a market cap of £61.95 million, a PE ratio of 30,000.00 and a beta of 0.13. The company's 50 day moving average is GBX 43.96 and its 200 day moving average is GBX 45.60.

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

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.

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