New Star Investment Trust (LON:NSI) Trading 3.3% Higher – Time to Buy?

New Star Investment Trust plc (LON:NSI)’s stock price shot up 3.3% during mid-day trading on Monday . The stock traded as high as GBX 113.60 ($1.41) and last traded at GBX 113.60 ($1.41). 15,528 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 14,852 shares. The stock had previously closed at GBX 110 ($1.37).

New Star Investment Trust Trading Up 3.3 %

The company has a 50 day moving average price of GBX 107.78 and a 200 day moving average price of GBX 109.42. The company has a market capitalization of £80.68 million, a P/E ratio of 2,272.00 and a beta of 0.30.

New Star Investment Trust (LON:NSI) last posted its quarterly earnings data on Thursday, October 31st. The company reported GBX 4.05 ($0.05) EPS for the quarter. New Star Investment Trust had a return on equity of 2.60% and a net margin of 68.60%.

New Star Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were paid a GBX 1.70 ($0.02) dividend. This represents a yield of 1.61%. The ex-dividend date was Thursday, November 14th. New Star Investment Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

New Star Investment Trust Company Profile

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.