Lindsell Train Investment Trust (LON:LTI) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Lindsell Train Investment Trust Plc (LON:LTI) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 832.87 ($10.74) and traded as low as GBX 808.40 ($10.42). Lindsell Train Investment Trust shares last traded at GBX 838 ($10.80), with a volume of 140 shares trading hands.

Lindsell Train Investment Trust Stock Up 1.2 %

The company has a market capitalization of £169.82 million, a P/E ratio of 22.01 and a beta of 0.56. The business has a 50 day simple moving average of GBX 832.87 and a 200-day simple moving average of GBX 783.08.

Lindsell Train Investment Trust (LON:LTI) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 2,484 ($32.02) earnings per share (EPS) for the quarter. Lindsell Train Investment Trust had a return on equity of 3.89% and a net margin of 82.49%.

Insider Buying and Selling at Lindsell Train Investment Trust

In related news, insider Michael Lindsell bought 55 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of £864.96 ($1,114.93) per share, for a total transaction of £47,572.80 ($61,320.96). Over the last three months, insiders have purchased 340 shares of company stock worth $27,414,885. 48.50% of the stock is owned by insiders.

Lindsell Train Investment Trust Company Profile

Lindsell Train Investment Trust Plc is an closed-ended balanced mutual fund of funds launched and managed by Lindsell Train Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in equities, unquoted equities, bonds, other Lindsell Train managed fund products, cash, and other financial investments.