Octopus AIM VCT (LON:OOA) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Octopus AIM VCT's stock price has recently fallen below its 50-day moving average, trading at GBX 44.60 ($0.60) compared to a 50-day moving average of GBX 47.05 ($0.64).
• The company reported a market cap of £104.66 million and a significantly high PE ratio of -1,537.93, indicating potential financial instability.
• Octopus AIM VCT specializes in venture capital investments in AIM-quoted companies, allocating about 80% of its funds to qualifying investments.

Shares of Octopus AIM VCT (LON:OOA - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 47.05 ($0.64) and traded as low as GBX 44.60 ($0.60). Octopus AIM VCT shares last traded at GBX 44.60 ($0.60), with a volume of 1,187 shares trading hands.

Octopus AIM VCT Stock Performance

The firm has a market cap of £107.95 million, a P/E ratio of -1,586.21 and a beta of 0.50. The firm has a 50-day simple moving average of GBX 46.97 and a 200-day simple moving average of GBX 46.55.

Octopus AIM VCT (LON:OOA - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The company reported GBX 0.50 earnings per share (EPS) for the quarter. Octopus AIM VCT had a net margin of 21.28% and a return on equity of 0.61%.

About Octopus AIM VCT

Octopus AIM VCT PLC is a venture capital trust specializing in investments in AIM or PLUS quoted companies. The fund seeks to allocate approximately 80 percent of its funds to qualifying investments in companies quoted on AIM or OFEX and the balance of 20 percent to non-qualifying Investments.