The stock of Albion Development VCT PLC (LON:AADV) hit a new 52-week low and has GBX 57.63 target or 11.00% below today’s GBX 64.75 share price. The 6 months bearish chart indicates high risk for the GBX 40.98M company. The 1-year low was reported on Oct, 31 by Barchart.com. If the GBX 57.63 price target is reached, the company will be worth GBX 4.51M 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 2.26% or GBX 1.5 on October 31, hitting GBX 64.75. About 37,123 shares traded hands or 325.58% up from the average. Albion Development VCT PLC (LON:AADV) has declined 7.16% since April 1, 2016 and is downtrending. It has underperformed by 10.63% the S&P500.
Another recent and important Albion Development VCT PLC (LON:AADV) news was published by Globenewswire.com which published an article titled: “Transaction in Own Shares” on October 06, 2016.
Albion Development VCT PLC is a United Kingdom venture capital trust. The company has a market cap of 40.98 million GBP. The Company’s investment policy is intended to provide investors with a regular and predictable source of dividend income combined with the prospects of long-term capital growth. It has a 125.73 P/E ratio. This is achieved by establishing a portfolio of holdings in smaller, unquoted companies whilst at the same time selecting and structuring investments in such a way as to manage and mitigate the risks normally associated with investment in such companies.
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