Lindsell Train Investment Trust (LON:LTI) Share Price Passes Below 50 Day Moving Average – What’s Next?

Lindsell Train Investment Trust Plc (LON:LTI) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 840.33 ($10.88) and traded as low as GBX 808.03 ($10.46). Lindsell Train Investment Trust shares last traded at GBX 812.20 ($10.51), with a volume of 169 shares.

Lindsell Train Investment Trust Stock Performance

The firm’s 50 day simple moving average is GBX 840.03 and its 200-day simple moving average is GBX 786.53. The company has a market capitalization of £161.78 million, a price-to-earnings ratio of 20.97 and a beta of 0.56.

Insider Activity

In related news, insider Michael Lindsell purchased 50 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of £807.60 ($1,045.30) per share, for a total transaction of £40,380 ($52,265.08). Over the last quarter, insiders have acquired 350 shares of company stock worth $29,062,125. 48.50% of the stock is owned by corporate 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.