Free Trial

Silver Spike Investment (NASDAQ:SSIC) Stock Price Down 2.5% - Here's Why

Silver Spike Investment logo with Finance background

Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report)'s stock price was down 2.5% during mid-day trading on Thursday . The company traded as low as $10.08 and last traded at $10.15. Approximately 19,220 shares were traded during mid-day trading, an increase of 74% from the average daily volume of 11,019 shares. The stock had previously closed at $10.40.

Silver Spike Investment Price Performance

The firm has a market cap of $63.05 million, a price-to-earnings ratio of 11.66 and a beta of 0.28. The business has a 50-day moving average of $10.42 and a 200-day moving average of $11.45.

Silver Spike Investment Company Profile

(Get Free Report)

Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Silver Spike Investment Right Now?

Before you consider Silver Spike Investment, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silver Spike Investment wasn't on the list.

While Silver Spike Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines