Seprod stock trades at $90

Seprod traded just 2,605 shares up to a 52 weeks’ high of $90 in Wednesday’s morning trading session on the Jamaica Stock Exchange. Trading is suspended as the price breached the circuit breaker, as there was limited selling of the stock.
Buying in the stocks could be better, with 43,579 units on the bid at $75 and 9,539 units between $75.01 and $80.90. Sellers range from 9,000 units at $80.90, 9,400 shares at $80.95, 2,989 units at $90 and 3,000 shares at $150.
As trading in the stock is suspended, more sellers and buyers could come to the market and change the day’s outcome.
At $90, the stock traded at a PE ratio of 18 times this year’s earnings. The significant publicly known development is the pending listing of Seprod subsidiary, AS Bryden and Sons, on the Jamaica Stock Exchange later this week. That will not affect the result of the group as it will neither increase nor decrease its earnings. It will not even change the group’s reported net asset value.
Seprod traded 1,459,106 shares in Tuesday trading session and closed at $79.99 with a gain of $6.97.