Silver Spike Investment (NASDAQ:SSIC) Stock Price Down 1.2% – Here’s Why

Silver Spike Investment Corp. (NASDAQ:SSIC) was down 1.2% on Tuesday . The company traded as low as $9.50 and last traded at $9.50. Approximately 91,251 shares were traded during trading, an increase of 728% from the average daily volume of 11,019 shares. The stock had previously closed at $9.62.

Silver Spike Investment Trading Down 1.2%

The firm’s fifty day moving average price is $10.13 and its two-hundred day moving average price is $10.40. The stock has a market capitalization of $59.04 million, a PE ratio of 10.92 and a beta of 0.28.

Silver Spike Investment Company Profile

Silver Spike Investment Corporation is a blank check company incorporated in Delaware. Its units trade on the Nasdaq Capital Market under the ticker symbol SSIC. As a special purpose acquisition company (SPAC), Silver Spike Investment does not engage in commercial operations of its own.

The company’s primary focus is to identify and acquire one or more businesses or assets through mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations.