Mill City Ventures III, Ltd. (OTCMKTS:MCVT – Get Rating)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.27 and traded as high as $2.44. Mill City Ventures III shares last traded at $2.43, with a volume of 1,687 shares trading hands.
Mill City Ventures III Stock Performance
The business has a 50 day moving average price of $2.26 and a two-hundred day moving average price of $2.65.
Get Mill City Ventures III alerts:Mill City Ventures III (OTCMKTS:MCVT – Get Rating) last announced its quarterly earnings results on Monday, November 21st. The company reported ($0.02) EPS for the quarter. Mill City Ventures III had a return on equity of 8.98% and a net margin of 28.96%. The business had revenue of $1.12 million during the quarter.
Hedge Funds Weigh In On Mill City Ventures III
An institutional investor recently raised its position in Mill City Ventures III stock. Wells Fargo & Company MN increased its position in Mill City Ventures III, Ltd. (OTCMKTS:MCVT – Get Rating) by 1,517,529.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 257,997 shares of the company's stock after acquiring an additional 257,980 shares during the period. Wells Fargo & Company MN owned about 4.17% of Mill City Ventures III worth $529,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.77% of the company's stock.
Mill City Ventures III Company Profile
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Mill City Ventures III Ltd. is an development-stage company, which engages in the investing in or lending to private and small-capitalization public companies and making managerial assistance available to such companies. Its investments include stock of or membership interests (typically referred to as units) in private companies, small-cap public company stocks, and promissory notes.
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