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

Key Points

• Maven Income and Growth VCT 3 shares fell below their 50-day moving average of GBX 44.22, trading at GBX 43 ($0.59), indicating a potential sell signal.
• The company's market capitalization stands at £59.19 million, with a notably high PE ratio of 28,666.67.
• In its latest earnings report, Maven Income and Growth VCT 3 reported GBX 0.23 earnings per share and a net margin of 26.21% for the quarter.

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 44.22 ($0.60) 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 7,683 shares.

Maven Income and Growth VCT 3 Stock Down 2.3%

The firm has a market cap of £59.19 million, a P/E ratio of 28,666.67 and a beta of 0.13. The stock's 50-day simple moving average is GBX 44.04 and its 200 day simple moving average is GBX 45.70.

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.