Maven Income and Growth VCT 3 (LON:MIG3) Sets New 52-Week Low – Here’s Why

Shares of Maven Income and Growth VCT 3 PLC (LON:MIG3) hit a new 52-week low on Wednesday . The company traded as low as GBX 32.20 and last traded at GBX 41.40, with a volume of 2407 shares traded. The stock had previously closed at GBX 42.40.

Maven Income and Growth VCT 3 Stock Performance

The firm has a market cap of £64.62 million, a price-to-earnings ratio of 45.49 and a beta of 0.13. The business has a fifty day simple moving average of GBX 42.82 and a 200-day simple moving average of GBX 43.51.

Maven Income and Growth VCT 3 (LON:MIG3) last announced its quarterly earnings results on Tuesday, July 21st. The company reported GBX 0.12 EPS for the quarter. Maven Income and Growth VCT 3 had a negative return on equity of 0.77% and a negative net margin of 30.02%.

Maven Income and Growth VCT 3 Company Profile

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential. It invests up to £1million ($1.65 million) in any company in one year and no more than 15 percent of the company's assets by cost in one business at any time.