Lindsell Train Investment Trust (LON:LTI) Stock Price Down 0.7% – Here’s Why

Shares of Lindsell Train Investment Trust Plc (LON:LTI) fell 0.7% during trading on Tuesday . The stock traded as low as GBX 800.23 ($9.89) and last traded at GBX 804 ($9.94). 204 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 373 shares. The stock had previously closed at GBX 810 ($10.01).

Lindsell Train Investment Trust Trading Up 1.0 %

The firm’s 50 day simple moving average is GBX 753.94 and its two-hundred day simple moving average is GBX 777.23. The firm has a market cap of £1.62 million, a price-to-earnings ratio of 38.49 and a beta of 0.56.

Insiders Place Their Bets

In other news, insider Michael Lindsell bought 25 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of £734.16 ($907.49) per share, for a total transaction of £18,354 ($22,687.27). Insiders have purchased a total of 199 shares of company stock worth $14,673,760 in the last 90 days. 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.