Investment (LON:INV) Shares Down 1.9% – What’s Next?

Shares of The Investment Company plc (LON:INV) dropped 1.9% on Friday . The company traded as low as GBX 65 ($0.84) and last traded at GBX 65 ($0.84). Approximately 4,035 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 13,408 shares. The stock had previously closed at GBX 66.25 ($0.85).

Investment Stock Down 1.9 %

The stock has a market capitalization of £1.21 million, a price-to-earnings ratio of 1.19 and a beta of 0.28. The company has a 50 day simple moving average of GBX 257.42 and a 200-day simple moving average of GBX 334.10.

Investment (LON:INV) last released its earnings results on Monday, February 17th. The company reported GBX (0.81) (($0.01)) earnings per share (EPS) for the quarter. Investment had a net margin of 83.35% and a return on equity of 14.48%.

Insider Buying and Selling at Investment

In other Investment news, insider Martin Henry Withers Perrin purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 17th. The stock was bought at an average cost of GBX 358 ($4.62) per share, with a total value of £14,320 ($18,465.51). Company insiders own 58.23% of the company’s stock.

About Investment

The Investment Company plc is a small registered, self-managed closed-ended balanced fund. The fund invests in the public equity and fixed income markets across the United Kingdom. It primarily invests in a portfolio of equities, preference shares, loans, stocks, and long-term debentures. The fund is managed by Chelverton Asset Management Limited.