ProVen VCT (LON:PVN) Shares Pass Above 50-Day Moving Average – Here’s Why

ProVen VCT (LON:PVNGet Free Report)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 56.36 and traded as high as GBX 57. ProVen VCT shares last traded at GBX 55.50, with a volume of 4 shares trading hands.

ProVen VCT Stock Performance

The firm has a market cap of £165.31 million, a price-to-earnings ratio of 69.38 and a beta of 0.02. The stock’s fifty day moving average price is GBX 56.36 and its 200-day moving average price is GBX 57.29.

ProVen VCT (LON:PVNGet Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 0.20 EPS for the quarter. The firm had revenue of GBX 220 million for the quarter. ProVen VCT had a return on equity of 1.31% and a net margin of 34.88%.

About ProVen VCT

(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. It invests in unquoted and AIM-listed companies and SMEs based in United Kingdom.

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