The stock of Mobeus Income & Growth 2 VCT PLC (LON:MIG) hit a new 52-week low and has GBX 91.58 target or 10.00% below today’s GBX 101.75 share price. The 9 months bearish chart indicates high risk for the GBX 36.99 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 91.58 price target is reached, the company will be worth GBX 3.70M 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 1.45% or GBX 1.5 on November 3, hitting GBX 101.75. Mobeus Income & Growth 2 VCT PLC (LON:MIG) has declined 15.04% since April 6, 2016 and is downtrending. It has underperformed by 16.26% the S&P500.
Another recent and important Mobeus Income & Growth 2 VCT PLC (LON:MIG) news was published by Reuters.com which published an article titled: “Mobeus Income & Growth 2 VCT plc declared second interim dividend” on February 11, 2015.
Mobeus Income & Growth 2 VCT plc, formerly Matrix Income & Growth 2 VCT plc, is a venture capital trust , investing primarily in established, unquoted companies. The company has a market cap of 36.99 million GBP. The objective of the Company is to provide investors with a regular income stream, arising both from the income generated by companies selected for the portfolio and from realizing any growth in capital. It has a 11.31 P/E ratio. The Company’s policy is to invest primarily in a diverse portfolio of the United Kingdom unquoted companies.
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