Lindsell Train Investment Trust (LON:LTI) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Lindsell Train Investment Trust Plc (LON:LTI)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 770.87 ($10.07) and traded as low as GBX 716 ($9.35). Lindsell Train Investment Trust shares last traded at GBX 726 ($9.48), with a volume of 1,193 shares traded.

Lindsell Train Investment Trust Price Performance

The firm has a market capitalization of £1.45 million, a PE ratio of 34.59 and a beta of 0.56. The firm has a 50-day simple moving average of GBX 770.87 and a 200-day simple moving average of GBX 798.78.

Insiders Place Their Bets

In related news, insider Michael Lindsell acquired 67 shares of the stock in a transaction dated Thursday, October 10th. The shares were purchased at an average cost of £740 ($966.31) per share, with a total value of £49,580 ($64,742.75). Over the last three months, insiders have bought 267 shares of company stock valued at $20,655,100. Insiders own 48.50% of the company’s stock.

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.