Patria Private Equity Trust (LON:PPET) Stock Price Down 1% – Time to Sell?

Shares of Patria Private Equity Trust (LON:PPET) traded down 1% during trading on Thursday . The stock traded as low as GBX 614 and last traded at GBX 618. 159,001 shares traded hands during trading, a decline of 51% from the average session volume of 326,778 shares. The stock had previously closed at GBX 624.

Patria Private Equity Trust Stock Performance

The firm’s 50-day moving average is GBX 613.33. The stock has a market capitalization of £892.16 million and a P/E ratio of 7.55.

Patria Private Equity Trust (LON:PPET) last posted its quarterly earnings data on Monday, June 29th. The company reported GBX 1.95 earnings per share (EPS) for the quarter.

Patria Private Equity Trust Company Profile

Patria Private Equity Trust plc (LON:PPET) is a closed-ended investment company listed on the London Stock Exchange that provides investors with access to private equity opportunities in Latin America. The trust is managed by Patria, a specialist alternative asset manager with a focus on the region, and it is structured to give public-market investors exposure to privately negotiated equity investments that are typically difficult to access through traditional listed equities.

The trust’s principal activities involve making and managing a diversified portfolio of private equity investments, including primary fund commitments, co-investments alongside sponsor-led funds, secondary purchases and direct equity stakes in companies.