New Star Investment Trust (LON:NSI) Trading Down 0.1% - Time to Sell?

Key Points

• New Star Investment Trust's shares fell by 0.1%, trading at GBX 109 ($1.47) with only 206 shares traded — a significant drop from its average volume of 19,192 shares.
• The company's market capitalization stands at £77.42 million, with a remarkably high price-to-earnings ratio of 695.15.
• New Star Investment Trust is a closed-ended balanced mutual fund managed by Brompton Asset Management, investing in various markets including equities, bonds, and commodities.

New Star Investment Trust plc (LON:NSI - Get Free Report)'s stock price traded down 0.1% during mid-day trading on Tuesday . The company traded as low as GBX 109 ($1.48) and last traded at GBX 109 ($1.48). 206 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 19,192 shares. The stock had previously closed at GBX 109.07 ($1.48).

New Star Investment Trust Stock Down 1.8%

The firm has a market cap of £78.84 million, a price-to-earnings ratio of 707.91 and a beta of 0.30. The stock has a fifty day moving average price of GBX 111.96 and a 200-day moving average price of GBX 108.79.

Insider Activity

In related news, insider John L. Duffield bought 545,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of GBX 116 per share, with a total value of £632,200. Insiders own 62.38% of the company's stock.

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.