CIP Merchant Capital (LON:CIP) Shares Down 3.5%

CIP Merchant Capital Ltd (LON:CIP) shares dropped 3.5% on Monday . The company traded as low as GBX 55 ($0.72) and last traded at GBX 55 ($0.72), approximately 10,000 shares traded hands during trading. The stock had previously closed at GBX 57 ($0.74).

The company has a 50 day moving average price of GBX 59.56. The stock has a market capitalization of $32.18 million and a P/E ratio of -9.33.

In other news, insider Carlo Sgarbi purchased 200,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was bought at an average cost of GBX 56 ($0.73) per share, with a total value of £112,000 ($146,347.84).

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