Foresight VCT (LON:FTV) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Foresight VCT (LON:FTV) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 62.90 and traded as high as GBX 67. Foresight VCT shares last traded at GBX 65.73, with a volume of 6,123,027 shares trading hands.

Foresight VCT Trading Up 0.4%

The stock has a market capitalization of £232.28 million, a P/E ratio of 31.30 and a beta of 0.13. The firm’s fifty day moving average is GBX 62.90 and its 200-day moving average is GBX 64.28.

Foresight VCT (LON:FTV) last announced its quarterly earnings results on Tuesday, April 14th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Foresight VCT had a negative net margin of 5.33% and a positive return on equity of 0.01%. The firm had revenue of GBX 598 million during the quarter.

Foresight VCT Company Profile

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.