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

Lindsell Train Investment Trust Plc (LON:LTI)’s stock price was down 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 800.23 ($9.98) and last traded at GBX 804 ($10.03). Approximately 204 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 373 shares. The stock had previously closed at GBX 810 ($10.10).

Lindsell Train Investment Trust Trading Down 0.7 %

The firm has a market capitalization of £1.61 million, a P/E ratio of 38.30 and a beta of 0.56. The stock has a 50 day simple moving average of GBX 751.82 and a 200-day simple moving average of GBX 777.16.

Insider Buying and Selling at Lindsell Train Investment Trust

In other news, insider Michael Lindsell bought 67 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of £740 ($923.15) per share, for a total transaction of £49,580 ($61,851.30). Over the last ninety days, insiders acquired 266 shares of company stock valued at $19,631,760. 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.