Albion Development VCT (LON:AADV) Trading Down 2.9% – Time to Sell?

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

Albion Development VCT Stock Performance

The company has a market cap of £126.39 million, a P/E ratio of 961.11 and a beta of 0.04. The business’s fifty day moving average is GBX 86.61 and its two-hundred day moving average is GBX 86.54.

Albion Development VCT Increases Dividend

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

About Albion Development VCT

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.