Lindsell Train Investment Trust (LON:LTI) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Lindsell Train Investment Trust Plc (LON:LTI) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 5.91 and traded as low as GBX 5.53. Lindsell Train Investment Trust shares last traded at GBX 5.70, with a volume of 37,276 shares trading hands.

Lindsell Train Investment Trust Stock Down 3.8%

The firm’s 50-day moving average price is GBX 5.90 and its 200-day moving average price is GBX 6.28. The company has a market cap of £1.10 million, a P/E ratio of -0.15 and a beta of 0.41.

Insider Activity

In other news, insider Michael Lindsell bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of GBX 600 per share, with a total value of £30,000. 7.34% of the stock is currently owned by company insiders.

About Lindsell Train Investment Trust

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. It benchmarks the performance of its portfolio against the 2.5% Consolidated Loan Stock and MSCI World Index.