Seraphim Space Investment Trust (LON:SSIT) Shares Down 10.7% – Time to Sell?

Shares of Seraphim Space Investment Trust (LON:SSIT) dropped 10.7% during mid-day trading on Wednesday . The company traded as low as GBX 185.40 and last traded at GBX 187. Approximately 9,298,827 shares traded hands during mid-day trading, an increase of 273% from the average daily volume of 2,493,270 shares. The stock had previously closed at GBX 209.50.

Seraphim Space Investment Trust Price Performance

The firm has a market cap of £428.38 million, a PE ratio of 4.38 and a beta of 2.28. The stock has a 50-day moving average price of GBX 207.42 and a 200 day moving average price of GBX 152.07.

Seraphim Space Investment Trust (LON:SSIT) last announced its quarterly earnings data on Thursday, March 5th. The company reported GBX (0.89) EPS for the quarter. Seraphim Space Investment Trust had a net margin of 1,940.84% and a return on equity of 20.81%.

Insider Transactions at Seraphim Space Investment Trust

In other news, insider Will Whitehorn bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of GBX 98 per share, with a total value of £4,900. Over the last quarter, insiders bought 23,000 shares of company stock valued at $2,946,000. 0.14% of the stock is currently owned by company insiders.

About Seraphim Space Investment Trust

The world’s first listed Space Tech fund. Sustainability, connectivity and digitalisation are global scale challenges. Our portfolio companies reflect our commitment to the planet. Seraphim Space Investment Trust will target early and growth stage Space Tech companies that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.