Could Downing Two VCT PLC Change Direction After Reaching 52-Week Low?

 Could Downing Two VCT PLC Change Direction After Reaching 52 Week Low?

The stock of Downing Two VCT PLC (LON:DP2C) hit a new 52-week low and has GBX 0.01 target or 12.00% below today’s GBX 0.01 share price. The 9 months bearish chart indicates high risk for the GBX 22.28M company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 0.01 price target is reached, the company will be worth GBX 2.67M 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 99.60% or GBX 2.495 on November 15, hitting GBX 0.01. It is down 88.91% since March 14, 2016 and is downtrending. It has underperformed by 92.84% the S&P500.

Downing TWO VCT plc is a venture capital trust. The company has a market cap of 22.28 million GBP. The Company’s principal objective is to provide shareholders with an attractive level of tax-free capital gains and income generated from a portfolio of investments in a range of different sectors. It currently has negative earnings. The Company’s strategy for achieving this objective is to invest in a portfolio of venture capital investments across a range of differing sectors, primarily in the United Kingdom and European Union, and comply with the venture capital trust regulations to enable shareholders to retain the initial income tax relief and ongoing tax reliefs.

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