Foresight VCT (LON:FTV) Hits New 52-Week Low – Here’s Why

Foresight VCT (LON:FTV) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 67.50 ($0.89) and last traded at GBX 71 ($0.94), with a volume of 11220 shares trading hands. The stock had previously closed at GBX 75.50 ($1.00).

Foresight VCT Stock Performance

The stock has a market cap of £213.26 million, a price-to-earnings ratio of 8.66 and a beta of 0.04. The company’s 50 day simple moving average is GBX 74.39 and its two-hundred day simple moving average is GBX 73.70.

Foresight VCT (LON:FTV) last released its quarterly earnings data on Wednesday, April 16th. The company reported GBX 0.70 ($0.01) earnings per share (EPS) for the quarter. Foresight VCT had a return on equity of 10.05% and a net margin of 75.85%.

Foresight VCT Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of GBX 6.40 ($0.08) per share. This is a positive change from Foresight VCT’s previous dividend of $4.40. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 8.59%. Foresight VCT’s dividend payout ratio is 48.81%.

About Foresight VCT

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.