ProVen VCT (LON:PVN) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• ProVen VCT's stock price has risen above its fifty-day moving average of GBX 58.57, reaching as high as GBX 60 during trading.
• The company reported a net margin of 67.04% and earnings per share of GBX 0.20 for the recent quarter.
• Insider James Barbour-Smit acquired 663 shares at an average cost of GBX 62, indicating confidence in the company's stock.

Shares of ProVen VCT (LON:PVN - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 58.57 ($0.79) and traded as high as GBX 60 ($0.81). ProVen VCT shares last traded at GBX 60 ($0.81), with a volume of 2,249 shares.

ProVen VCT Stock Performance

The firm has a market capitalization of £159.15 million, a price-to-earnings ratio of 16.82 and a beta of 0.02. The business has a fifty day moving average of GBX 58.75 and a two-hundred day moving average of GBX 59.06.

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

Insider Buying and Selling at ProVen VCT

In other ProVen VCT news, insider James Barbour-Smit bought 663 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of GBX 62 per share, with a total value of £411.06. Insiders own 0.16% of the company's stock.

ProVen VCT Company Profile

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.