The Investment Company plc (LON:INV – Get Free Report)’s stock price dropped 3.5% during trading on Thursday . The company traded as low as GBX 68.05 and last traded at GBX 68.05. Approximately 6,365 shares changed hands during trading, a decline of 25% from the average daily volume of 8,509 shares. The stock had previously closed at GBX 70.50.
Investment Price Performance
The stock’s 50 day simple moving average is GBX 69.38 and its two-hundred day simple moving average is GBX 64.91. The company has a market capitalization of £6.25 million, a P/E ratio of -87.24 and a beta of 0.28.
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. It invests in the public equity and fixed income markets of the United Kingdom. The fund seeks to invest in securities of companies operating across diversified sectors.
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