The stock of Maven Income and Growth VCT 2 PLC (LON:MIG2) hit a new 52-week low and has GBX 41.71 target or 3.00% below today’s GBX 43.00 share price. The 8 months bearish chart indicates high risk for the GBX 18.85 million company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 41.71 price target is reached, the company will be worth GBX 565,500 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 3.37% or GBX 1.5 on November 28, hitting GBX 43. About 1,750 shares traded hands. Maven Income and Growth VCT 2 PLC (LON:MIG2) has declined 15.24% since April 29, 2016 and is downtrending. It has underperformed by 21.26% the S&P500.
Maven Income and Growth VCT 2 PLC is a venture capital trust . The company has a market cap of 18.85 million GBP. The Company’s investment objective is to achieve long term capital appreciation and generate maintainable levels of income for shareholders. It has a 18.49 P/E ratio. The Firm invests the majority of its funds in a portfolio of shares and securities in smaller, unquoted companies of the United Kingdom and alternative investment market (AIM)/ICAP Securities and Derivatives Exchange (ISDX) quoted companies, which meet the criteria for VCT qualifying investments.
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