Octopus Titan VCT (LON:OTV2) Stock Price Down 8.6% – Should You Sell?

Octopus Titan VCT (LON:OTV2)’s share price dropped 8.6% during trading on Wednesday . The company traded as low as GBX 16 and last traded at GBX 16. 2,764 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 57,020 shares. The stock had previously closed at GBX 17.50.

Octopus Titan VCT Stock Down 8.6%

The company has a market capitalization of £263.71 million, a PE ratio of -2.91 and a beta of -0.09. The company has a 50-day moving average price of GBX 17.45 and a two-hundred day moving average price of GBX 18.52.

Octopus Titan VCT (LON:OTV2) last issued its earnings results on Wednesday, April 29th. The company reported GBX 0.10 EPS for the quarter. Octopus Titan VCT had a negative return on equity of 15.45% and a net margin of 238.29%.The business had revenue of GBX 807 million during the quarter.

About Octopus Titan VCT

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors. The fund invests in smaller unquoted companies based in the United Kingdom. It prefers to invest between £0.25 million ($0.35 million) and £25 million ($35.3 million) in first round of funding.