Odyssean Investment Trust (LON:OIT) Reaches New 1-Year Low – Should You Sell?

Odyssean Investment Trust (LON:OIT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 131.46 ($1.70) and last traded at GBX 132 ($1.71), with a volume of 246753 shares traded. The stock had previously closed at GBX 132 ($1.71).

Odyssean Investment Trust Price Performance

The firm has a market cap of £176.86 million, a P/E ratio of -36.51 and a beta of 0.75. The firm’s 50-day moving average price is GBX 145.72 and its 200 day moving average price is GBX 154.09.

Insiders Place Their Bets

In other news, insider Arabella Cecil acquired 3,397 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was bought at an average price of GBX 150 ($1.94) per share, with a total value of £5,095.50 ($6,587.59). Also, insider Richard King purchased 3,200 shares of Odyssean Investment Trust stock in a transaction dated Monday, March 24th. The stock was bought at an average price of GBX 138 ($1.78) per share, for a total transaction of £4,416 ($5,709.11). Insiders bought a total of 9,452 shares of company stock worth $1,387,965 over the last ninety days. 15.83% of the stock is currently owned by company insiders.

Odyssean Investment Trust Company Profile

Odyssean Investment Trust PLC is a closed-ended investment company that seeks to deliver attractive returns to its clients by investing in great businesses and supporting them to become even better. To achieve this the company has appointed Odyssean Capital LLP to manage the portfolio.

Odyssean Capital will invest in a concentrated portfolio of well researched smaller companies, typically too small for inclusion in the FTSE 250.