Can Northern 3 VCT PLC’s Tomorrow be Different? The Stock Just Broke Its High

 Can Northern 3 VCT PLC's Tomorrow be Different? The Stock Just Broke Its High

The stock of Northern 3 VCT PLC (LON:NTN) hit a new 52-week high and has GBX 238.68 target or 134.00% above today’s GBX 102.00 share price. The 9 months bullish chart indicates low risk for the GBX 66.87M company. The 1-year high was reported on Nov, 16 by Barchart.com. If the GBX 238.68 price target is reached, the company will be worth GBX 89.61 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.49% or GBX 0.5 on November 16, hitting GBX 102. About 5,000 shares traded hands or 61.50% up from the average. Northern 3 VCT PLC (LON:NTN) has declined 1.40% since April 19, 2016 and is downtrending. It has underperformed by 6.08% the S&P500.

Northern 3 VCT PLC is a Venture Capital Trust . The company has a market cap of 66.87 million GBP. The Company’s objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth. It has a 6.04 P/E ratio. The Firm invests primarily in unquoted venture capital holdings, with its remaining assets invested in a portfolio of listed equity investments and bank deposits.

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