Schroders Capital Global Innovation Trust plc - INOV (LON:INOV) Shares Down 2% - Here's What Happened

Key Points

• Shares down 2% — the stock fell to GBX 15.05 from GBX 15.35 with volume up 23% to 869,202 shares during mid-day trading.
• Fund metrics and results — market cap is £99.12m with a P/E of 6.93, and the trust reported quarterly EPS of GBX (0.24) on GBX 21m of revenue.
• Insiders buying — Jane Tufnell and Stephen Cohen bought 81,903 and 120,000 shares at GBX 14 and GBX 15 respectively, although insiders still own only 0.17% of the company.

Schroders Capital Global Innovation Trust plc - INOV (LON:INOV - Get Free Report)'s share price fell 2% on Wednesday . The stock traded as low as GBX 15.05 and last traded at GBX 15.05. 869,202 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 708,642 shares. The stock had previously closed at GBX 15.35.

Schroders Capital Global Innovation Trust plc - INOV Stock Up 3.7%

The company has a market cap of £99.12 million, a P/E ratio of 6.93 and a beta of 0.54. The firm's 50 day moving average is GBX 14.48 and its two-hundred day moving average is GBX 14.71.

Schroders Capital Global Innovation Trust plc - INOV (LON:INOV - Get Free Report) last issued its quarterly earnings results on Thursday, April 2nd. The company reported GBX (0.24) EPS for the quarter. The business had revenue of GBX 21 million for the quarter.

Insiders Place Their Bets

In other news, insider Jane Tufnell purchased 81,903 shares of the business's stock in a transaction on Thursday, April 9th. The shares were acquired at an average price of GBX 14 per share, with a total value of £11,466.42. Also, insider Stephen Cohen purchased 120,000 shares of the business's stock in a transaction on Tuesday, April 14th. The shares were purchased at an average cost of GBX 15 per share, for a total transaction of £18,000. Corporate insiders own 0.17% of the company's stock.

About Schroders Capital Global Innovation Trust plc - INOV

Schroder UK Public Private Trust plc specializes in investments in startups, midsize, middle market and large stage, early stage and mature stage investments. The fund primarily invests in the healthcare, financials, industrials, technology, consumer goods, telecommunications, basic materials, and biotechnology sector. It seeks to invest in quoted and unquoted companies. It primarily invests in companies incorporated in the United Kingdom or traded on a London Stock Exchange market but can invest in Europe, United States and Asia other countries.

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