Vietnam Enterprise (LON:VEIL) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of Vietnam Enterprise (LON:VEILGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 763.71 and traded as low as GBX 747. Vietnam Enterprise shares last traded at GBX 757, with a volume of 24,657 shares.

Vietnam Enterprise Price Performance

The stock has a fifty day moving average of GBX 764.02 and a two-hundred day moving average of GBX 776.51. The stock has a market cap of £1.03 billion, a price-to-earnings ratio of 18.83 and a beta of 0.43. The company has a quick ratio of 247.74, a current ratio of 16.34 and a debt-to-equity ratio of 5.82.

About Vietnam Enterprise

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Launched in 1995, Vietnam Enterprise Investments Limited (VEIL) was listed on the LSE in July 2016. It is the longest running closed-end fund focused on Vietnam and one of the largest which invests in listed and pre-IPO companies in Vietnam that offer attractive growth and value metrics . The fund has a strong ESG commitment driven by a close relationship with the IFC. The manager, Dragon Capital Group, has funded the Chair in Biodiversity at Exeter University.

Further Reading

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