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ProVen VCT (LON:PVN) Share Price Passes Below 50-Day Moving Average - Here's What Happened

ProVen VCT logo with Financial Services background

Key Points

  • ProVen VCT (LON:PVN) has fallen below its 50-day moving average of GBX 58.66, trading as low as GBX 58.06 during recent trading sessions.
  • The company reported a net margin of 67.04% and a return on equity of 5.22% in its quarterly earnings with earnings per share of GBX 0.20.
  • Insider James Barbour-Smit purchased 663 shares at an average price of GBX 62, indicating insider confidence in the stock despite recent performance.
  • Five stocks we like better than ProVen VCT.

ProVen VCT (LON:PVN - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 58.66 ($0.79) and traded as low as GBX 58.06 ($0.78). ProVen VCT shares last traded at GBX 58.07 ($0.78), with a volume of 1,325,968 shares traded.

ProVen VCT Trading Down 0.7%

The firm has a market cap of £164.10 million, a price-to-earnings ratio of 6,452.22 and a beta of 0.02. The firm has a 50 day moving average price of GBX 58.63 and a 200-day moving average price of GBX 59.03.

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

Insider Activity

In other news, insider James Barbour-Smit purchased 663 shares of the business's stock in a transaction dated Friday, August 15th. The stock was acquired at an average price of GBX 62 per share, with a total value of £411.06. 0.19% of the stock is owned by company insiders.

ProVen VCT Company Profile

(Get Free Report)

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.

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