Lindsell Train Investment Trust (LON:LTI) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Lindsell Train Investment Trust Plc (LON:LTI) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 Performance

The company has a market capitalization of £1.18 million, a PE ratio of -0.16 and a beta of 0.67. The stock’s 50 day moving average is GBX 5.91 and its 200 day moving average is GBX 6.29.

Insider Activity at Lindsell Train Investment Trust

In other Lindsell Train Investment Trust news, insider Michael Lindsell purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average cost of GBX 600 per share, for a total transaction of £30,000. Insiders own 7.34% 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. It benchmarks the performance of its portfolio against the 2.5% Consolidated Loan Stock and MSCI World Index.