The stock of Albion Venture Capital Trust PLC (LON:AAVC) hit a new 52-week low and has GBX 57.60 target or 10.00% below today’s GBX 64.00 share price. The 7 months bearish chart indicates high risk for the GBX 50.07 million company. The 1-year low was reported on Oct, 19 by Barchart.com. If the GBX 57.60 price target is reached, the company will be worth GBX 5.01 million 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 19, hitting GBX 64. About 17,000 shares traded hands or 150.81% up from the average. Albion Venture Capital Trust PLC (LON:AAVC) has risen 0.69% since March 21, 2016 and is uptrending. It has underperformed by 4.86% the S&P500.
Albion Venture Capital Trust PLC is a United Kingdom venture capital trust. The company has a market cap of 50.07 million GBP. The principal activity of the Company is to select and hold a portfolio of investments in unquoted securities. It has a 11.43 P/E ratio. The Company’s investment objective is to manage the risk normally associated with investments in smaller unquoted companies whilst maintaining an attractive yield, through allowing investors the opportunity to participate in a balanced portfolio of asset-backed businesses.
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