Albion Development VCT (LON:AADV) Shares Up 1.7% – Still a Buy?

by · The Cerbat Gem

Albion Development VCT PLC (LON:AADV – Get Free Report) shares rose 1.7% on Tuesday . The stock traded as high as GBX 87.50 ($1.13) and last traded at GBX 87.50 ($1.13). Approximately 790 shares were traded during trading, a decline of 99% from the average daily volume of 59,435 shares. The stock had previously closed at GBX 86 ($1.12).

Albion Development VCT Price Performance

The business’s fifty day moving average price is GBX 88.33 and its 200-day moving average price is GBX 86.60. The stock has a market capitalization of £127.87 million, a PE ratio of 955.56 and a beta of 0.04.

Albion Development VCT Increases Dividend

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

Albion Development VCT Company Profile

(Get Free Report)

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.

Further Reading