The stock of Octopus Eclipse VCT Plc (LON:OEC1) hit a new 52-week low and has GBX 19.36 target or 11.00% below today’s GBX 21.75 share price. The 7 months bearish chart indicates high risk for the GBX 21.89M company. The 1-year low was reported on Nov, 17 by Barchart.com. If the GBX 19.36 price target is reached, the company will be worth GBX 2.41M 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 2.79% or GBX 0.62 on November 17, hitting GBX 21.75. About 137,723 shares traded hands or 580.48% up from the average. Octopus Eclipse VCT Plc (LON:OEC1) has risen 0.83% since March 24, 2016 and is uptrending. It has underperformed by 3.79% the S&P500.
Another recent and important Octopus Eclipse VCT Plc (LON:OEC1) news was published by Globenewswire.com which published an article titled: “Octopus Eclipse VCT plc : Publication of a Prospectus and Circulars in respect …” on November 04, 2016.
Octopus Eclipse VCT plc is a United Kingdom venture capital trust (VCT). The company has a market cap of 21.89 million GBP. The Company’s objective is to invest in a range of smaller unquoted and Alternative Investment Market (AIM)-quoted the United Kingdom companies, which meet the relevant criteria for VCTs in order to generate income and capital growth over the long term. It has a 144.05 P/E ratio. The Firm aims to provide investors with tax-efficient access to a portfolio of companies with growth potential, targeting a tax-free dividend stream, through a combination of regular and special dividend payments.
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.