Albion Technology and General VCT PLC Surges to 52-Week Low, Is Now Worst Performer

 Albion Technology and General VCT PLC Surges to 52 Week Low, Is Now Worst Performer

The stock of Albion Technology and General VCT PLC (LON:AATG) hit a new 52-week low and has GBX 54.18 target or 14.00% below today’s GBX 63.00 share price. The 7 months bearish chart indicates high risk for the GBX 58.20 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the GBX 54.18 price target is reached, the company will be worth GBX 8.15M 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 3.82% or GBX 2.5 on November 9, hitting GBX 63. About 11,582 shares traded hands or 28.38% up from the average. Albion Technology and General VCT PLC (LON:AATG) has declined 9.83% since April 12, 2016 and is downtrending. It has underperformed by 14.61% the S&P500.

Another recent and important Albion Technology and General VCT PLC (LON:AATG) 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.

Albion Technology & General VCT PLC is a United Kingdom venture capital trust. The company has a market cap of 58.20 million GBP. The Company’s investment objective is to provide investors with a regular and predictable source of dividend income combined with the prospect of long-term capital growth through allowing investors the opportunity to participate in a balanced portfolio of technology and non-technology businesses. It currently has negative earnings. The Company’s investment portfolio includes approximately 40% investments in the unquoted United Kingdom technology related companies and approximately 60% investments in the unquoted United Kingdom non-technology companies.

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