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

Lindsell Train Investment Trust Plc (LON:LTI)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Lindsell Train Investment Trust Price Performance

The business has a fifty day moving average of GBX 832.87 and a 200-day moving average of GBX 783.08. The stock has a market capitalization of £169.82 million, a price-to-earnings ratio of 22.01 and a beta of 0.56.

Lindsell Train Investment Trust (LON:LTI) last released 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

In other news, insider Michael Lindsell bought 55 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of £864.96 ($1,114.93) per share, with a total value of £47,572.80 ($61,320.96). Insiders have bought a total of 340 shares of company stock valued at $27,414,885 over the last three months. Company insiders own 48.50% of the company’s stock.

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.