Maven Income and Growth VCT 3 (LON:MIG3) Reaches New 12-Month Low – Here’s Why

Maven Income and Growth VCT 3 PLC (LON:MIG3) shares reached a new 52-week low on Thursday . The company traded as low as GBX 32.20 and last traded at GBX 41.40, with a volume of 7605 shares traded. The stock had previously closed at GBX 42.40.

Maven Income and Growth VCT 3 Stock Down 2.4%

The firm has a 50 day moving average price of GBX 42.89 and a two-hundred day moving average price of GBX 43.52. The company has a market cap of £64.62 million, a price-to-earnings ratio of 45.49 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3) last posted its quarterly earnings data on Tuesday, July 21st. The company reported GBX 0.12 EPS for the quarter. Maven Income and Growth VCT 3 had a net margin of 36.24% and a return on equity of 1.83%.

About Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential. It invests up to £1million ($1.65 million) in any company in one year and no more than 15 percent of the company's assets by cost in one business at any time.