Maven Income and Growth VCT 3 (LON:MIG3) Stock Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• Maven Income and Growth VCT 3 PLC (LON:MIG3) recently traded above its 50-day moving average of GBX 44.56, reaching a price of GBX 45 ($0.61) during trading.
• The company's market capitalization stands at £61.95 million, with a reported P/E ratio of 30,000.00 and a net margin of 26.21%.
• Maven Income and Growth VCT 3 specializes in venture capital, focusing on development capital and early stage investments in smaller unquoted and AIM quoted companies in the UK.

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 44.56 ($0.60) and traded as high as GBX 45 ($0.61). Maven Income and Growth VCT 3 shares last traded at GBX 45 ($0.61), with a volume of 8,961 shares trading hands.

Maven Income and Growth VCT 3 Stock Up 2.3%

The company has a market capitalization of £61.95 million, a P/E ratio of 30,000.00 and a beta of 0.13. The company has a 50-day moving average of GBX 44.56 and a two-hundred day moving average of GBX 46.

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

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