New Star Investment Trust (LON:NSI) Sets New 12-Month High - Should You Buy?

Key Points

• New Star Investment Trust shares reached a new 52-week high, trading at GBX 121 ($1.65), with a closing price of GBX 112 ($1.52) after a volume of 16,007 shares exchanged hands.
• The company has a market cap of £79.55 million and a P/E ratio of 714.29, indicating significant earnings growth expectations.
• Insider John L. Duffield purchased 545,000 shares at an average price of GBX 116, demonstrating insider confidence in the company's future prospects.

New Star Investment Trust plc (LON:NSI - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 121 ($1.63) and last traded at GBX 112 ($1.51), with a volume of 16007 shares trading hands. The stock had previously closed at GBX 111 ($1.50).

New Star Investment Trust Stock Performance

The firm's 50-day moving average price is GBX 112.36 and its two-hundred day moving average price is GBX 108.98. The firm has a market capitalization of £82.94 million, a price-to-earnings ratio of 744.77 and a beta of 0.30.

Insider Transactions at New Star Investment Trust

In other news, insider John L. Duffield purchased 545,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average cost of GBX 116 per share, with a total value of £632,200. 62.38% of the stock is owned by corporate insiders.

New Star Investment Trust Company Profile

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.