Lindsell Train Investment Trust (LON:LTI) Stock Passes Below Fifty Day Moving Average – Here’s Why

Lindsell Train Investment Trust Plc (LON:LTI)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 5.94 and traded as low as GBX 5.88. Lindsell Train Investment Trust shares last traded at GBX 5.96, with a volume of 37,916 shares.

Lindsell Train Investment Trust Stock Down 0.7%

The company’s 50 day moving average price is GBX 5.94 and its 200 day moving average price is GBX 6.38. The firm has a market capitalization of £1.19 million, a price-to-earnings ratio of -0.16 and a beta of 0.63.

Insider Activity at Lindsell Train Investment Trust

In related news, insider Michael Lindsell acquired 5,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of GBX 600 per share, for a total transaction of £30,000. Insiders have acquired 15,000 shares of company stock worth $9,175,000 in the last three months. 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.