New Star Investment Trust (LON:NSI) Stock Price Up 1.2% – What’s Next?

Shares of New Star Investment Trust plc (LON:NSI) rose 1.2% on Friday . The stock traded as high as GBX 131.55 and last traded at GBX 131.52. Approximately 229,422 shares traded hands during mid-day trading, an increase of 959% from the average daily volume of 21,665 shares. The stock had previously closed at GBX 130.

New Star Investment Trust Trading Up 1.2%

The firm has a 50-day simple moving average of GBX 126.95 and a two-hundred day simple moving average of GBX 124.68. The company has a market capitalization of £93.41 million, a price-to-earnings ratio of 7.06 and a beta of 0.10.

New Star Investment Trust (LON:NSI) last issued its earnings results on Friday, March 20th. The company reported GBX 2.54 earnings per share for the quarter. New Star Investment Trust had a return on equity of 10.51% and a net margin of 1,605.21%.

About New Star Investment Trust

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.