Odyssean Investment Trust (LON:OIT) Trading Up 0.6% - Time to Buy?

Key Points

• Odyssean Investment Trust's shares increased by 0.6% during mid-day trading, reaching GBX 163.50 (£2.20), with a trading volume decline of 31% from the average.
• Insider Peter Hewitt purchased 5,000 shares at an average price of GBX 155, indicating notable insider confidence in the company's stock.
• The company seeks to deliver attractive returns by investing in well-researched smaller companies, managed by Odyssean Capital LLP.

Odyssean Investment Trust (LON:OIT - ) shares were up 0.6% during mid-day trading on Thursday . The stock traded as high as GBX 163.50 ($2.20) and last traded at GBX 163.50 ($2.20). Approximately 142,622 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 205,225 shares. The stock had previously closed at GBX 162.50 ($2.18).

Odyssean Investment Trust Stock Performance

The company has a 50-day simple moving average of GBX 156.15 and a 200-day simple moving average of GBX 149.74. The stock has a market cap of £219.00 million, a P/E ratio of -898.35 and a beta of 0.75.

Insider Transactions at Odyssean Investment Trust

In other news, insider Peter Hewitt bought 5,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of GBX 155 per share, for a total transaction of £7,750. Insiders own 0.96% of the company's stock.

Odyssean Investment Trust Company Profile

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.

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