Odyssean Investment Trust (LON:OIT) Reaches New 52-Week Low – Here’s Why

Odyssean Investment Trust (LON:OIT) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 146 ($1.85) and last traded at GBX 147.50 ($1.87), with a volume of 159063 shares traded. The stock had previously closed at GBX 148 ($1.88).

Odyssean Investment Trust Price Performance

The business’s fifty day simple moving average is GBX 152.56 and its 200 day simple moving average is GBX 160.09. The stock has a market cap of £197.62 million, a price-to-earnings ratio of -40.80 and a beta of 0.75.

Odyssean Investment Trust (LON:OIT) last announced its quarterly earnings data on Thursday, November 28th. The company reported GBX (0.10) ($0.00) earnings per share for the quarter. Odyssean Investment Trust had a net margin of 186.18% and a negative return on equity of 2.33%.

Insider Buying and Selling at Odyssean Investment Trust

In other news, insider Arabella Cecil bought 3,397 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was purchased at an average price of GBX 150 ($1.90) per share, for a total transaction of £5,095.50 ($6,462.27). Also, insider Richard King purchased 2,855 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were acquired at an average cost of GBX 153 ($1.94) per share, for a total transaction of £4,368.15 ($5,539.82). 15.83% of the stock is currently owned by insiders.

About Odyssean Investment Trust

Odyssean Investment Trust PLC is a closed-ended investment company that seeks to deliver attractive returns to its clients by investing in great businesses and supporting them to become even better. To achieve this the company has appointed Odyssean Capital LLP to manage the portfolio.

Odyssean Capital will invest in a concentrated portfolio of well researched smaller companies, typically too small for inclusion in the FTSE 250.