ProVen VCT (LON:PVN) Sets New 12-Month Low - Should You Sell?

Key Points

• ProVen VCT's shares reached a new 52-week low at GBX 57 ($0.76) during trading, reflecting a slight decline from its previous close of GBX 58.50 ($0.78).
• The company reported a net margin of 67.04% and a return on equity of 5.22% for its latest quarter, with an earnings per share (EPS) of GBX 0.20 ($0.00).
• ProVen VCT focuses on investing in emerging growth stage small and medium-sized companies, steering clear of startups and including a range of non-qualifying investment types in its portfolio.

ProVen VCT (LON:PVN - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 57 ($0.77) and last traded at GBX 57 ($0.77), with a volume of 8615 shares trading hands. The stock had previously closed at GBX 58.50 ($0.79).

ProVen VCT Price Performance

The firm has a market capitalization of £155.07 million, a P/E ratio of 16.39 and a beta of 0.02. The firm has a fifty day simple moving average of GBX 58.80 and a two-hundred day simple moving average of GBX 59.08.

ProVen VCT (LON:PVN - Get Free Report) last released 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.