The stock of Kings Arms Yard VCT PLC (LON:KAY) hit a new 52-week high and has GBX 48.54 target or 167.00% above today’s GBX 18.18 share price. The 6 months bullish chart indicates low risk for the GBX 46.51M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 48.54 price target is reached, the company will be worth GBX 77.67M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.73% or GBX 0.32 on November 3, hitting GBX 18.18. About 115,612 shares traded hands or 397.51% up from the average. Kings Arms Yard VCT PLC (LON:KAY) has declined 6.17% since April 6, 2016 and is downtrending. It has underperformed by 7.39% the S&P500.
Another recent and important Kings Arms Yard VCT PLC (LON:KAY) news was published by Globenewswire.com which published an article titled: “Transaction in Own Shares and Total Voting Rights and Capital” on November 03, 2016.
Kings Arms Yard VCT PLC is a United Kingdom venture capital trust. The company has a market cap of 46.51 million GBP. The Company’s investment policy is intended to produce a regular and predictable dividend stream with an appreciation in capital value. It has a 24.4 P/E ratio. The principal activity of the Company is to select and hold a portfolio of investments in quoted and unquoted securities.
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