Octopus Titan VCT (LON:OTV2) Shares Down 14.3% – What’s Next?

Shares of Octopus Titan VCT (LON:OTV2) fell 14.3% during trading on Tuesday . The company traded as low as GBX 21 and last traded at GBX 21. 20,059 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 801,858 shares. The stock had previously closed at GBX 24.50.

Octopus Titan VCT Stock Down 14.3%

The firm has a market cap of £346.02 million, a price-to-earnings ratio of -5.12 and a beta of -0.09. The company’s fifty day moving average is GBX 22.58 and its 200 day moving average is GBX 25.40.

Octopus Titan VCT (LON:OTV2) last issued its quarterly earnings results on Friday, September 26th. The company reported GBX (0.10) EPS for the quarter. Octopus Titan VCT had a negative return on equity of 18.89% and a net margin of 117.66%.

About Octopus Titan VCT

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors. The fund invests in smaller unquoted companies based in the United Kingdom. It prefers to invest between £0.25 million ($0.35 million) and £25 million ($35.3 million) in first round of funding.