Seraphim Space Investment Trust (LON:SSIT) Sets New 1-Year Low – Here’s Why

Shares of Seraphim Space Investment Trust (LON:SSIT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 76 and last traded at GBX 174.20, with a volume of 1741677 shares changing hands. The stock had previously closed at GBX 188.

Seraphim Space Investment Trust Trading Down 7.3%

The firm has a market capitalization of £413.20 million, a price-to-earnings ratio of 4.22 and a beta of 2.28. The company’s 50 day moving average is GBX 212.43 and its 200-day moving average is GBX 172.64.

Insider Transactions at Seraphim Space Investment Trust

In other Seraphim Space Investment Trust news, insider Will Whitehorn acquired 12,450 shares of the company’s stock in a transaction on Friday, June 26th. The shares were purchased at an average price of GBX 79 per share, for a total transaction of £9,835.50. Insiders purchased a total of 35,450 shares of company stock valued at $3,929,550 in the last 90 days. 0.19% of the stock is owned by corporate 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.