Octopus Titan VCT (LON:OTV2) Shares Down 14.3% – Should You Sell?
by Tristan Rich · The Markets DailyOctopus Titan VCT (LON:OTV2 – Get Free Report) shares were down 14.3% during trading on Tuesday . The company traded as low as GBX 21 and last traded at GBX 21. Approximately 20,059 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 801,858 shares. The stock had previously closed at GBX 24.50.
Octopus Titan VCT Trading Down 23.4%
The business has a 50 day simple moving average of GBX 22.42 and a two-hundred day simple moving average of GBX 25.35. The stock has a market cap of £296.59 million, a price-to-earnings ratio of -4.39 and a beta of -0.09.
Octopus Titan VCT (LON:OTV2 – Get Free Report) last released its earnings results on Friday, September 26th. The company reported GBX (0.10) earnings per share for the quarter. Octopus Titan VCT had a negative return on equity of 18.89% and a net margin of 117.66%.
About Octopus Titan VCT
Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors. The fund invests in smaller unquoted companies based in the United Kingdom. It prefers to invest between £0.25 million ($0.35 million) and £25 million ($35.3 million) in first round of funding.