New Star Investment Trust (LON:NSI) Hits New 12-Month High – Still a Buy?

New Star Investment Trust plc (LON:NSIGet Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 144 and last traded at GBX 140.85, with a volume of 19866 shares. The stock had previously closed at GBX 139.50.

New Star Investment Trust Trading Up 1.0%

The firm has a 50-day simple moving average of GBX 135.99 and a two-hundred day simple moving average of GBX 130.35. The company has a market capitalization of £100.04 million, a price-to-earnings ratio of 7.56 and a beta of 0.11.

About New Star Investment Trust

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New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships. The fund seeks to invest in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the FTSE All-Share Total Return Index.

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