Foresight VCT (LON:FTV) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Foresight VCT (LON:FTV) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 72.82 ($0.97) and traded as low as GBX 69.50 ($0.92). Foresight VCT shares last traded at GBX 70 ($0.93), with a volume of 16,560 shares traded.

Foresight VCT Price Performance

The company has a market cap of £210.26 million, a P/E ratio of 8.54 and a beta of 0.04. The company’s 50-day moving average price is GBX 72.82 and its 200-day moving average price is GBX 73.12.

Foresight VCT (LON:FTV) last released its earnings results on Wednesday, April 16th. The company reported GBX 0.70 ($0.01) earnings per share for the quarter. Foresight VCT had a net margin of 75.85% and a return on equity of 10.05%.

Foresight VCT Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a GBX 6.40 ($0.09) dividend. The ex-dividend date is Thursday, May 15th. This represents a yield of 8.59%. This is an increase from Foresight VCT’s previous dividend of $4.40. Foresight VCT’s dividend payout ratio (DPR) is 48.81%.

About Foresight VCT

Foresight VCT Plc is a private equity and buyouts firm, venture capital trust and managed by Foresight Group. This fund invests in SME, later stage growth capital opportunities across a range of sectors. It engages in investments in unquoted or AIM-listed companies in the United Kingdom. It invests in technology companies in United Kingdom.