Smithson Investment Trust (LON:SSON) Hits New 1-Year Low - Here's What Happened

Smithson Investment Trust PLC (LON:SSON - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 1,332 ($17.02) and last traded at GBX 1,333 ($17.03), with a volume of 306419 shares changing hands. The stock had previously closed at GBX 1,374 ($17.56).

Smithson Investment Trust Stock Performance

The company's 50-day moving average is GBX 1,488.65 and its 200-day moving average is GBX 1,470.39. The firm has a market cap of £1.67 billion and a price-to-earnings ratio of -39.02.

Smithson Investment Trust (LON:SSON - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. Smithson Investment Trust had a net margin of 317.04% and a negative return on equity of 2.13%.

Smithson Investment Trust Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 3rd will be paid a GBX 0.58 ($0.01) dividend. This represents a yield of 0.04%. The ex-dividend date of this dividend is Thursday, April 3rd.

Insiders Place Their Bets

In other news, insider Mike Balfour bought 7,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of GBX 1,456 ($18.60) per share, for a total transaction of £101,920 ($130,232.56). Company insiders own 2.69% of the company's stock.

About Smithson Investment Trust

Smithson aims to provide its shareholders with a similar investment experience to the Fundsmith Equity Fund, being a superior risk-adjusted return over the long term, but by investing in a group of global small and mid capitalisation listed companies with a market cap of £500m to £15bn, which we believe can compound in value over many years, if not decades, hence the name, Smithson.