Seraphim Space Investment Trust (LON:SSIT) Stock Price Down 10.7% – Should You Sell?

Shares of Seraphim Space Investment Trust (LON:SSIT) were down 10.7% on Wednesday . The stock 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 company has a market cap of £444.51 million, a P/E ratio of 4.54 and a beta of 2.28. The stock’s 50-day moving average is GBX 204.14 and its two-hundred day moving average is GBX 149.77.

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

Insider Buying and Selling

In other news, insider Will Whitehorn acquired 10,000 shares of Seraphim Space Investment Trust stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of GBX 100 per share, for a total transaction of £10,000. Company insiders own 0.14% of the company’s stock.

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.