Third Point Investors (LON:TPOU) Trading 1.1% Higher – Still a Buy?

Third Point Investors Limited (LON:TPOU)’s share price traded up 1.1% on Wednesday . The company traded as high as GBX 26.70 ($0.35) and last traded at GBX 26.60 ($0.34). 18,667 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 15,004 shares. The stock had previously closed at GBX 26.30 ($0.34).

Third Point Investors Trading Up 1.6 %

The firm has a market cap of £470.54 million, a P/E ratio of 7.10 and a beta of 0.55. The business’s fifty day simple moving average is GBX 25.74 and its 200-day simple moving average is GBX 24.48.

About Third Point Investors

Third Point Offshore Investors Limited is a close ended feeder fund launched and managed by Third Point LLC. The fund invests its entire corpus in Third Point Offshore Fund Ltd. It seeks to benchmark the performance of its portfolio against the S&P 500 TR USD. The fund was formed on July 20, 2007 and is domiciled in Guernsey, Channel Islands.