New Star Investment Trust (LON:NSI) Trading Down 3.8% – What’s Next?

New Star Investment Trust plc (LON:NSIGet Free Report)’s stock price traded down 3.8% during mid-day trading on Thursday . The stock traded as low as GBX 100 ($1.25) and last traded at GBX 100 ($1.25). 14,504 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 12,937 shares. The stock had previously closed at GBX 104 ($1.30).

New Star Investment Trust Stock Performance

The company has a fifty day simple moving average of GBX 106.48 and a two-hundred day simple moving average of GBX 112.88. The firm has a market capitalization of £71.02 million, a PE ratio of 2,000.00 and a beta of 0.30.

New Star Investment Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be issued a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, November 14th. This represents a yield of 1.61%. New Star Investment Trust’s dividend payout ratio is presently 6,000.00%.

New Star Investment Trust Company Profile

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New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.

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