Albion Development VCT (LON:AADV) Trading Down 2.9% – Should You Sell?

Albion Development VCT PLC (LON:AADV) fell 2.9% during mid-day trading on Wednesday . The stock traded as low as GBX 83.50 ($1.06) and last traded at GBX 83.50 ($1.06). 5,834 shares traded hands during trading, a decline of 90% from the average session volume of 57,441 shares. The stock had previously closed at GBX 86 ($1.09).

Albion Development VCT Trading Down 1.2 %

The stock has a market cap of £126.39 million, a P/E ratio of 927.78 and a beta of 0.04. The business’s fifty day simple moving average is GBX 86.66 and its 200 day simple moving average is GBX 86.55.

Albion Development VCT Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, October 3rd were issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a dividend yield of 3.37%. This is a positive change from Albion Development VCT’s previous dividend of $2.40. Albion Development VCT’s dividend payout ratio (DPR) is currently 5,555.56%.

Albion Development VCT Company Profile

Albion Development VCT PLC is a venture capital trust specialized investments in early stage and growth stage investments. The fund provides equity and debt finance to growing unquoted companies across various sectors. The fund invests in technology-orientated companies, service and asset-backed businesses software and computer services, fintech and medical technology sectors.