Maven Income and Growth VCT 3 (LON:MIG3) Stock Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Maven Income and Growth VCT 3 shares have crossed below the 50-day moving average, trading at GBX 45 ($0.60), compared to the average of GBX 45.56.
• The company's market capitalization stands at £56.09 million with a PE ratio of 76.97 and a beta of 0.13.
• For the last quarter, Maven Income and Growth VCT 3 reported an earnings per share (EPS) of GBX 0.23 ($0.00) with a net margin of 26.21%.

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 45.56 ($0.61) and traded as low as GBX 44 ($0.59). Maven Income and Growth VCT 3 shares last traded at GBX 45 ($0.61), with a volume of 46 shares changing hands.

Maven Income and Growth VCT 3 Price Performance

The business's fifty day simple moving average is GBX 45.48 and its 200 day simple moving average is GBX 46.66. The firm has a market capitalization of £54.85 million, a price-to-earnings ratio of 75.26 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3 - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported GBX 0.23 ($0.00) 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.