Odyssean Investment Trust (LON:OIT) Sets New 12-Month High - Here's Why

Key Points

• Odyssean Investment Trust (LON:OIT) reached a new 52-week high, trading as high as GBX 167 ($2.23) during recent sessions.
• The company has a market cap of £221.01 million and a price-to-earnings ratio of -9.07, indicating challenging profitability metrics.
• Insider Peter Hewitt purchased 5,000 shares at an average cost of GBX 155 per share, reflecting confidence in the company's future performance.

Odyssean Investment Trust (LON:OIT - )'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 167 ($2.23) and last traded at GBX 165 ($2.20), with a volume of 311995 shares. The stock had previously closed at GBX 163.50 ($2.18).

Odyssean Investment Trust Stock Performance

The firm's 50-day moving average price is GBX 156.63 and its 200 day moving average price is GBX 150.62. The company has a market cap of £221.01 million, a price-to-earnings ratio of -9.07 and a beta of 0.75.

Insider Activity at Odyssean Investment Trust

In related news, insider Peter Hewitt purchased 5,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of GBX 155 per share, with a total value of £7,750. 0.96% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.