Albion Technology & Gen VCT (LON:AATG) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Albion Technology & Gen VCT (LON:AATG) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 66.12 and traded as low as GBX 64.50. Albion Technology & Gen VCT shares last traded at GBX 64.50, with a volume of 755 shares changing hands.

Albion Technology & Gen VCT Stock Down 2.3%

The firm has a market capitalization of £255.11 million and a price-to-earnings ratio of 179.17. The firm has a 50 day moving average of GBX 66.12 and a two-hundred day moving average of GBX 66.44.

Insiders Place Their Bets

In related news, insider Simon Thorpe bought 14,056 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were purchased at an average price of GBX 71 per share, with a total value of £9,979.76. 0.26% of the stock is owned by corporate insiders.

About Albion Technology & Gen VCT

Albion Technology & General VCT PLC is a venture Capital Trust specialize in early stage and growth stage investments.it prefer to invest in health tech, digital risk, Data and artificial intelligence, fintech and information technology related sector companies. It does not invest in companies that deal in property or shares and securities, banking and agriculture. It prefers to invest in technology and nontechnology-related companies based in the United Kingdom The fund seeks to invest half of the assets in quoted global technology stocks and the remaining assets in unquoted UK non-tech companies.