Octopus Titan VCT (LON:OTV2) Reaches New 52-Week Low – Here’s Why

Octopus Titan VCT (LON:OTV2)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 39 ($0.49) and last traded at GBX 39 ($0.49), with a volume of 5705 shares trading hands. The stock had previously closed at GBX 46.30 ($0.59).

Octopus Titan VCT Stock Performance

The business has a 50-day moving average price of GBX 49.37 and a two-hundred day moving average price of GBX 53.54. The firm has a market capitalization of £682.22 million, a price-to-earnings ratio of -233.16 and a beta of -0.09.

Octopus Titan VCT Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 28th will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 2.37%. Octopus Titan VCT’s payout ratio is -2,105.26%.

Octopus Titan VCT Company Profile

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors.