Maven Income and Growth VCT 3 (LON:MIG3) Shares Pass Below 50 Day Moving Average - Here's What Happened

Key Points

• Shares of Maven Income and Growth VCT 3 PLC fell below their 50-day moving average during trading, marking a low of GBX 43 ($0.58) against an average of GBX 45.25.
• The company reported an earnings per share (EPS) of GBX 0.23 for the last quarter, with a net margin of 26.21% and a return on equity of 1.12%.
• Maven Income and Growth VCT 3 focuses on development capital and early-stage investments in smaller unquoted and AIM quoted UK companies with significant growth potential.

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 45.25 ($0.61) and traded as low as GBX 43 ($0.58). Maven Income and Growth VCT 3 shares last traded at GBX 43 ($0.58), with a volume of 823 shares changing hands.

Maven Income and Growth VCT 3 Price Performance

The company's 50 day moving average is GBX 45.14 and its two-hundred day moving average is GBX 46.44. The firm has a market cap of £56.09 million, a P/E ratio of 76.97 and a beta of 0.13.

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 earnings per share 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.