The stock of Albion Technology and General VCT PLC (LON:AATG) hit a new 52-week low and has GBX 57.60 target or 10.00% below today’s GBX 64.00 share price. The 8 months bearish chart indicates high risk for the GBX 59.06 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the GBX 57.60 price target is reached, the company will be worth GBX 5.91M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.29% or GBX 1.5 on October 17, hitting GBX 64. About 19,447 shares traded hands or 180.78% up from the average. Albion Technology and General VCT PLC (LON:AATG) has declined 31.78% since March 18, 2016 and is downtrending. It has underperformed by 37.39% the S&P500.
Albion Technology & General VCT PLC is a United Kingdom venture capital trust. The company has a market cap of 59.06 million GBP. The Company’s investment objective is to provide investors with a regular and predictable source of dividend income combined with the prospect of long-term capital growth through allowing investors the opportunity to participate in a balanced portfolio of technology and non-technology businesses. It currently has negative earnings. The Company’s investment portfolio includes approximately 40% investments in the unquoted United Kingdom technology related companies and approximately 60% investments in the unquoted United Kingdom non-technology companies.
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