Lindsell Train Investment Trust (LON:LTI) Hits New 52-Week High – Still a Buy?

Lindsell Train Investment Trust Plc (LON:LTIGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 890 ($11.23) and last traded at GBX 877.54 ($11.07), with a volume of 567 shares traded. The stock had previously closed at GBX 862 ($10.87).

Lindsell Train Investment Trust Stock Up 1.8 %

The stock has a market capitalization of £175.70 million, a price-to-earnings ratio of 22.77 and a beta of 0.56. The stock’s 50-day simple moving average is GBX 812.24 and its 200 day simple moving average is GBX 778.05.

Lindsell Train Investment Trust (LON:LTIGet Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 2,484 ($31.34) earnings per share for the quarter. Lindsell Train Investment Trust had a return on equity of 3.89% and a net margin of 82.49%.

Insiders Place Their Bets

In other Lindsell Train Investment Trust news, insider Michael Lindsell bought 40 shares of Lindsell Train Investment Trust stock in a transaction dated Tuesday, December 10th. The shares were bought at an average price of £734.44 ($926.50) per share, with a total value of £29,377.60 ($37,060.17). Insiders have purchased a total of 340 shares of company stock valued at $27,414,885 in the last 90 days. 48.50% of the stock is currently owned by insiders.

Lindsell Train Investment Trust Company Profile

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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.

Further Reading

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