Seraphim Space Investment Trust (LON:SSIT) Shares Up 18.3% - Here's What Happened

Key Points

• Shares surged 18.3% to GBX 223.50 on Tuesday with heavy trading of 4,925,033 shares, a 116% increase versus average volume from a prior close of GBX 189.
• The trust has a market capitalization of £530.14M and a reported P/E of 5.42 with a beta of 2.18, but it posted quarterly EPS of GBX (0.89) alongside an unusually high reported net margin (1,940.84%) and ROE of 20.81%.
• Seraphim is the world’s first listed Space Tech fund, targeting early- and growth-stage companies in areas such as climate, communications, mobility and cyber security.

Seraphim Space Investment Trust (LON:SSIT - Get Free Report)'s stock price shot up 18.3% on Tuesday . The company traded as high as GBX 223.50 and last traded at GBX 223.50. 4,925,033 shares were traded during mid-day trading, an increase of 116% from the average session volume of 2,276,885 shares. The stock had previously closed at GBX 189.

Seraphim Space Investment Trust Price Performance

The company has a market capitalization of £530.14 million, a price-to-earnings ratio of 5.42 and a beta of 2.18. The stock has a 50 day moving average price of GBX 163.72 and a two-hundred day moving average price of GBX 127.07.

Seraphim Space Investment Trust (LON:SSIT - Get Free Report) last announced its earnings results 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%.

Seraphim Space Investment Trust Company Profile

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.

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