Northern 3 VCT (LON:NTN) Stock Price Down 1.8% – Time to Sell?

Northern 3 VCT PLC (LON:NTN) dropped 1.8% during mid-day trading on Wednesday . The stock traded as low as GBX 80.50 and last traded at GBX 80.50. 5,000 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 182,459 shares. The stock had previously closed at GBX 82.

Northern 3 VCT Stock Down 1.8%

The business’s 50-day moving average is GBX 80.93 and its two-hundred day moving average is GBX 82.04. The company has a market capitalization of £143.15 million, a P/E ratio of -134.17 and a beta of 0.16.

Northern 3 VCT (LON:NTN) last announced its earnings results on Tuesday, June 16th. The company reported GBX 0.40 earnings per share for the quarter. The firm had revenue of GBX 185 million for the quarter. Northern 3 VCT had a negative return on equity of 0.72% and a negative net margin of 44.14%.

About Northern 3 VCT

Northern 3 VCT PLC is a venture capital trust specializing in direct and fund of funds investments. Within direct, the fund seeks to invest in middle market, later stage, mature and growth capital. Within fund of funds, it makes private equity fund investments. The fund invests in all sectors. It typically invests in the United Kingdom. The fund typically invests between £2 million ($3.11 million) and £10 million ($15.57 million) in companies with enterprise values between £10 million ($15.57 million) and £30 million ($46.77 million).