Smithson Investment Trust (LON:SSON) Stock Price Down 0.1% - Here's What Happened

Smithson Investment Trust PLC (LON:SSON - Get Free Report) shares were down 0.1% during trading on Wednesday . The company traded as low as GBX 1,492.40 ($20.26) and last traded at GBX 1,494 ($20.29). Approximately 276,108 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 385,439 shares. The stock had previously closed at GBX 1,496 ($20.31).

Smithson Investment Trust Stock Down 1.1%

The company has a market cap of £1.88 billion and a PE ratio of -43.98. The business has a 50-day simple moving average of GBX 1,439.15 and a 200-day simple moving average of GBX 1,472.42.

Insider Transactions at Smithson Investment Trust

In other Smithson Investment Trust news, insider Mike Balfour bought 7,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average price of GBX 1,456 ($19.77) per share, with a total value of £101,920 ($138,384.25). Corporate 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.