What’s Next for Albion Venture Capital Trust PLC After Reaching 52-Week Low?

 What's Next for Albion Venture Capital Trust PLC After Reaching 52 Week Low?

The stock of Albion Venture Capital Trust PLC (LON:AAVC) hit a new 52-week low and has GBX 56.95 target or 11.00% below today’s GBX 63.99 share price. The 9 months bearish chart indicates high risk for the GBX 49.26 million company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 56.95 price target is reached, the company will be worth GBX 5.42 million 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 increased 1.57% or GBX 0.99 on November 15, hitting GBX 63.99. About 100,015 shares traded hands or 1170.52% up from the average. Albion Venture Capital Trust PLC (LON:AAVC) has declined 10.94% since April 18, 2016 and is downtrending. It has underperformed by 14.86% the S&P500.

Albion Venture Capital Trust PLC is a United Kingdom venture capital trust. The company has a market cap of 49.26 million GBP. The principal activity of the Company is to select and hold a portfolio of investments in unquoted securities. It has a 11.42 P/E ratio. The Company’s investment objective is to manage the risk normally associated with investments in smaller unquoted companies whilst maintaining an attractive yield, through allowing investors the opportunity to participate in a balanced portfolio of asset-backed businesses.

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