Octopus Titan VCT (LON:OTV2) Hits New 1-Year Low at $57.50

Octopus Titan VCT (LON:OTV2) shares hit a new 52-week low on Friday . The stock traded as low as GBX 57.50 ($0.72) and last traded at GBX 57.50 ($0.72), with a volume of 1030 shares traded. The stock had previously closed at GBX 59.50 ($0.75).

Octopus Titan VCT Stock Down 3.4 %

The stock has a market capitalization of £885.50 million, a P/E ratio of -313.16 and a beta of -0.09. The stock’s 50 day moving average price is GBX 60.32 and its 200-day moving average price is GBX 63.09.

Octopus Titan VCT Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 9th will be issued a GBX 1.90 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 3.02%. Octopus Titan VCT’s dividend payout ratio is presently -2,105.26%.

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.