New Star Investment Trust (LON:NSI) Reaches New 52-Week High - Here's Why

Key Points

• New 52-week high: Shares of New Star Investment Trust reached GBX 132 on Friday (last traded GBX 132) with a volume of 10,720 shares, up from the prior close of GBX 127.50.
• Price and valuation snapshot: the 50‑day and 200‑day simple moving averages are GBX 127.09 and GBX 121.14 respectively; market capitalization is £93.75 million, with a P/E of 32.67 and a beta of 0.30.
• Fund profile: New Star is a closed‑ended, balanced fund‑of‑funds managed by Brompton Asset Management that invests globally across equities, bonds, commodities, real estate and ETFs, benchmarking performance to the FTSE All‑Share Total Return Index.

Shares of New Star Investment Trust plc (LON:NSI - ) reached a new 52-week high during trading on Friday . The company traded as high as GBX 132 and last traded at GBX 132, with a volume of 10720 shares changing hands. The stock had previously closed at GBX 127.50.

New Star Investment Trust Price Performance

The firm's fifty day simple moving average is GBX 127.09 and its 200 day simple moving average is GBX 121.14. The company has a market capitalization of £93.75 million, a price-to-earnings ratio of 32.67 and a beta of 0.30.

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.

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