New Star Investment Trust (LON:NSI) Sets New 52-Week High – Still a Buy?

New Star Investment Trust plc (LON:NSIGet Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 141 and last traded at GBX 141, with a volume of 26424 shares changing hands. The stock had previously closed at GBX 138.

New Star Investment Trust Trading Up 2.2%

The stock’s 50-day moving average price is GBX 134.54 and its 200-day moving average price is GBX 129.46. The stock has a market cap of £100.14 million, a price-to-earnings ratio of 7.56 and a beta of 0.08.

About New Star Investment Trust

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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. The fund seeks to invest in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the FTSE All-Share Total Return Index.

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