Primorus Investments (LON:PRIM) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Primorus Investments plc (LON:PRIM)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3.69 and traded as high as GBX 3.90. Primorus Investments shares last traded at GBX 3.90, with a volume of 40 shares changing hands.

Primorus Investments Stock Up 5.4%

The stock has a market capitalization of £4.86 million, a price-to-earnings ratio of 5.79 and a beta of 0.39. The stock’s 50-day simple moving average is GBX 3.69 and its 200 day simple moving average is GBX 3.84.

Primorus Investments (LON:PRIM) last released its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 0.67 EPS for the quarter. Primorus Investments had a positive return on equity of 15.97% and a negative net margin of 402.68%.

Insider Activity

In other Primorus Investments news, insider Rupert Labrum sold 3,000,000 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of GBX 4, for a total transaction of £120,000. 47.63% of the stock is owned by corporate insiders.

About Primorus Investments

Primorus Investments plc is a private equity firm specializing in buyout investments in small and mid cap firms. The firm focuses to invest in financial services, natural resources, energy, clean technology, financial technology, business technology, infrastructure, property, consultancy, brand licensing and leisure sectors. The firm seeks to take majority stakes in its portfolio companies. Primorus Investments plc was incorporated in 1999 and is based in London, United Kingdom.