Primorus Investments (LON:PRIM) Stock Price Down 10.1% – Here’s Why

Shares of Primorus Investments plc (LON:PRIM) were down 10.1% during trading on Friday. The company traded as low as GBX 2.80 and last traded at GBX 3.01. Approximately 422,453 shares were traded during mid-day trading, an increase of 334% from the average session volume of 97,267 shares. The stock had previously closed at GBX 3.35.

Primorus Investments Price Performance

The firm has a market cap of £3.74 million, a P/E ratio of 3.03 and a beta of 0.36. The business’s 50-day moving average is GBX 3.36 and its two-hundred day moving average is GBX 3.62.

Primorus Investments (LON:PRIM) last issued its quarterly earnings results on Tuesday, September 29th. The company reported GBX (0.11) earnings per share (EPS) for the quarter. Primorus Investments had a net margin of 1,188.70% and a return on equity of 22.69%.

Primorus Investments Company Profile

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.