Foresight VCT (LON:FTV) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Foresight VCT (LON:FTV)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 72.82 ($0.97) and traded as low as GBX 69.50 ($0.92). Foresight VCT shares last traded at GBX 70 ($0.93), with a volume of 16,560 shares traded.

Foresight VCT Stock Up 0.7%

The firm has a market capitalization of £210.26 million, a PE ratio of 8.54 and a beta of 0.04. The company has a 50-day moving average of GBX 72.82 and a 200 day moving average of GBX 73.12.

Foresight VCT (LON:FTV) last issued its quarterly earnings data on Wednesday, April 16th. The company reported GBX 0.70 ($0.01) EPS for the quarter. Foresight VCT had a return on equity of 10.05% and a net margin of 75.85%.

Foresight VCT Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of GBX 6.40 ($0.09) per share. This is an increase from Foresight VCT’s previous dividend of $4.40. This represents a dividend yield of 8.59%. The ex-dividend date is Thursday, May 15th. Foresight VCT’s payout ratio is currently 48.81%.

About Foresight VCT

Foresight VCT Plc is a private equity and buyouts firm, venture capital trust and managed by Foresight Group. This fund invests in SME, later stage growth capital opportunities across a range of sectors. It engages in investments in unquoted or AIM-listed companies in the United Kingdom. It invests in technology companies in United Kingdom.