The stock of Albion Venture Capital Trust PLC (LON:AAVC) hit a new 52-week low and has GBX 55.25 target or 13.00% below today’s GBX 63.50 share price. The 6 months bearish chart indicates high risk for the GBX 51.23 million company. The 1-year low was reported on Nov, 2 by Barchart.com. If the GBX 55.25 price target is reached, the company will be worth GBX 6.66M 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 1.55% or GBX 1 on November 2, hitting GBX 63.5. About 20,000 shares traded hands or 155.00% up from the average. Albion Venture Capital Trust PLC (LON:AAVC) has declined 8.81% since April 5, 2016 and is downtrending. It has underperformed by 11.33% the S&P500.
Albion Venture Capital Trust PLC is a United Kingdom venture capital trust. The company has a market cap of 51.23 million GBP. The principal activity of the Company is to select and hold a portfolio of investments in unquoted securities. It has a 11.34 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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