Smithson Investment Trust (LON:SSON) Hits New 12-Month High – What’s Next?

Smithson Investment Trust PLC (LON:SSONGet Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 1,570.24 ($19.84) and last traded at GBX 1,560 ($19.71), with a volume of 215788 shares trading hands. The stock had previously closed at GBX 1,556 ($19.66).

Smithson Investment Trust Stock Up 0.3 %

The stock has a fifty day moving average of GBX 1,504.16 and a 200-day moving average of GBX 1,464.39. The stock has a market capitalization of £1.99 billion and a price-to-earnings ratio of -46.60.

Smithson Investment Trust Company Profile

(Get Free Report)

Smithson aims to provide its shareholders with a similar investment experience to the Fundsmith Equity Fund, being a superior risk-adjusted return over the long term, but by investing in a group of global small and mid capitalisation listed companies with a market cap of £500m to £15bn, which we believe can compound in value over many years, if not decades, hence the name, Smithson.

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