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

Maven Income and Growth VCT 3 PLC (LON:MIG3)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 31.20 and last traded at GBX 40, with a volume of 123 shares. The stock had previously closed at GBX 41.

Maven Income and Growth VCT 3 Trading Down 2.4%

The business’s fifty day moving average price is GBX 41.85 and its 200-day moving average price is GBX 43.09. The company has a market capitalization of £62.19 million, a P/E ratio of -210.53 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3) last released its quarterly earnings results on Tuesday, July 21st. The company reported GBX 0.12 earnings per share 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.