Lindsell Train Investment Trust (LON:LTI) Stock Jumps 0.7% – Still a Buy?

Lindsell Train Investment Trust Plc (LON:LTI)’s stock price shot up 0.7% during trading on Tuesday. The company traded as high as GBX 5.88 and last traded at GBX 5.84. 29,274 shares were traded during trading, a decline of 38% from the average session volume of 46,934 shares. The stock had previously closed at GBX 5.80.

Lindsell Train Investment Trust Stock Performance

The stock has a market cap of £1.17 million, a price-to-earnings ratio of -0.03 and a beta of 0.40. The firm’s 50-day simple moving average is GBX 5.71 and its two-hundred day simple moving average is GBX 5.75.

Insider Activity at Lindsell Train Investment Trust

In related news, insider Michael Lindsell purchased 5,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of GBX 579 per share, with a total value of £28,950. 7.39% of the stock is owned by company insiders.

Lindsell Train Investment Trust Company Profile

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.