Lindsell Train Investment Trust (LON:LTI) Sets New 12-Month High – Time to Buy?

Lindsell Train Investment Trust Plc (LON:LTIGet Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 890 ($11.05) and last traded at GBX 842 ($10.46), with a volume of 407 shares trading hands. The stock had previously closed at GBX 845 ($10.49).

Lindsell Train Investment Trust Price Performance

The firm has a market capitalization of £1.68 million, a price-to-earnings ratio of 40.11 and a beta of 0.56. The firm’s 50-day simple moving average is GBX 781.64 and its 200 day simple moving average is GBX 775.98.

Lindsell Train Investment Trust (LON:LTIGet Free Report) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 2,484 ($30.85) earnings per share (EPS) for the quarter. Lindsell Train Investment Trust had a net margin of 70.02% and a return on equity of 2.01%.

Insider Buying and Selling

In other news, insider Michael Lindsell purchased 40 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were acquired at an average price of £734.44 ($912.12) per share, with a total value of £29,377.60 ($36,484.85). Insiders have acquired a total of 240 shares of company stock valued at $18,865,410 over the last 90 days. 48.50% of the stock is owned by insiders.

About Lindsell Train Investment Trust

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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.

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