ProVen VCT (LON:PVN) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of ProVen VCT (LON:PVNGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 56.41 and traded as high as GBX 57.50. ProVen VCT shares last traded at GBX 56, with a volume of 2,500 shares.

ProVen VCT Stock Performance

The firm has a fifty day simple moving average of GBX 56.41 and a 200-day simple moving average of GBX 58.03. The company has a market capitalization of £169.48 million, a PE ratio of 70.00 and a beta of 0.02.

ProVen VCT (LON:PVNGet Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 0.20 EPS for the quarter. ProVen VCT had a net margin of 115.21% and a return on equity of 1.34%. The business had revenue of GBX 220 million for the quarter.

ProVen VCT Company Profile

(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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