Lindsell Train Investment Trust (LON:LTI) Shares Pass Below 50 Day Moving Average of $791.04

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 791.04 ($10.59) and traded as low as GBX 760 ($10.18). Lindsell Train Investment Trust shares last traded at GBX 768 ($10.28), with a volume of 275 shares.

Lindsell Train Investment Trust Stock Down 0.4 %

The firm’s 50 day simple moving average is GBX 791.04 and its two-hundred day simple moving average is GBX 805.22. The stock has a market capitalization of £1.54 million, a P/E ratio of 36.59 and a beta of 0.56.

Insider Activity at Lindsell Train Investment Trust

In other news, insider Michael Lindsell purchased 50 shares of the business’s stock in a transaction on Monday, July 8th. The shares were acquired at an average price of £823.60 ($1,102.84) per share, for a total transaction of £41,180 ($55,141.94). Insiders bought 250 shares of company stock valued at $19,815,100 in the last three months. Corporate insiders own 48.50% 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.