What’s in Octopus Apollo VCT PLC After Reaching All-Time Low?

 What's in Octopus Apollo VCT PLC After Reaching All Time Low?

The stock of Octopus Apollo VCT PLC (LON:OAP3) reached all time low today, Nov, 11 and still has GBX 51.18 target or 11.00% below today’s GBX 57.50 share price. This indicates more downside for the GBX 75.73 million company. This technical setup was reported by Barchart.com. If the GBX 51.18 PT is reached, the company will be worth GBX 8.33 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.29% or GBX 0.75 on November 11, hitting GBX 57.5. About 66,259 shares traded hands or 224.32% up from the average. Octopus Apollo VCT PLC (LON:OAP3) has declined 28.97% since April 14, 2016 and is downtrending. It has underperformed by 35.12% the S&P500.

Another recent and important Octopus Apollo VCT PLC (LON:OAP3) news was published by Globenewswire.com which published an article titled: “Octopus Apollo VCT plc : Publication of a Prospectus and Circulars in respect …” on November 04, 2016.

Octopus Apollo VCT plc is a United Kingdom venture capital trust . The company has a market cap of 75.73 million GBP. The objective of the Company is to invest in a diversified portfolio of unquoted United Kingdom smaller companies, which meet the relevant criteria for VCTs in order to generate income and capital growth over the long term. It has a 31.54 P/E ratio. The Firm invests in various sectors, such as automotive software and data, security devices, retail support services, healthcare software, training and content delivery, investment company, manufacturing, anaerobic digestion, healthcare, crack detection system, power, media and others.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment