Maven Income and Growth VCT 3 (LON:MIG3) Stock Price Passes Above 50-Day Moving Average - Here's Why

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 46.18 ($0.62) and traded as high as GBX 47.40 ($0.64). Maven Income and Growth VCT 3 shares last traded at GBX 45.40 ($0.61), with a volume of 11,113 shares changing hands.

Maven Income and Growth VCT 3 Stock Performance

The company has a market cap of £59.09 million, a PE ratio of 81.07 and a beta of 0.13. The stock's 50 day moving average price is GBX 46.22 and its 200-day moving average price is GBX 47.48.

Maven Income and Growth VCT 3 (LON:MIG3 - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 0.49 ($0.01) 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.