ProVen VCT (LON:PVN) Sets New 52-Week Low - Here's What Happened

Key Points

• ProVen VCT shares hit a new 52-week low, trading at GBX 57 ($0.76) after previously closing at GBX 58.50 ($0.78).
• The company reported an EPS of GBX 0.20 for the last quarter, with a strong net margin of 67.04% and a return on equity of 5.22%.
• ProVen VCT is a venture capital trust that focuses on investing in emerging growth stage companies rather than startups, aiming at non-qualifying investments as well.

ProVen VCT (LON:PVN - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 57 ($0.76) and last traded at GBX 57 ($0.76), with a volume of 6924 shares trading hands. The stock had previously closed at GBX 58.50 ($0.78).

ProVen VCT Price Performance

The company has a market capitalization of £159.15 million, a PE ratio of 16.82 and a beta of 0.02. The company has a 50-day moving average price of GBX 58.82 and a two-hundred day moving average price of GBX 59.08.

ProVen VCT (LON:PVN - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The company reported GBX 0.20 ($0.00) earnings per share for the quarter. ProVen VCT had a return on equity of 5.22% and a net margin of 67.04%.

About ProVen VCT

ProVen VCT plc is a venture capital trust specializing in emerging growth stage investment,expansion and management buyouts. The fund invests in small and medium sized smaller companies. It does not invest in startups. It seeks to invest in non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt related securities in growth companies and non-qualifying venture capital investments.