Octopus Titan VCT (LON:OTV2) Posts Earnings Results

Octopus Titan VCT (LON:OTV2) posted its earnings results on Tuesday. The company reported GBX (0.20) ($0.00) EPS for the quarter, Digital Look Earnings reports. Octopus Titan VCT had a net margin of 117.66% and a negative return on equity of 18.89%.

Octopus Titan VCT Price Performance

LON:OTV2 traded down GBX 3 ($0.04) during mid-day trading on Tuesday, reaching GBX 35 ($0.47). The stock had a trading volume of 19,398 shares, compared to its average volume of 597,202. The business’s 50 day moving average is GBX 36.81 and its 200 day moving average is GBX 42.85. Octopus Titan VCT has a fifty-two week low of GBX 28 ($0.38) and a fifty-two week high of GBX 61 ($0.82). The stock has a market cap of £557.31 million, a P/E ratio of -3.10 and a beta of -0.09.

Octopus Titan VCT Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, April 24th will be issued a GBX 0.50 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 1.37%. Octopus Titan VCT’s dividend payout ratio is -35.39%.

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.