Smithson Investment Trust (LON:SSON) Trading Down 0.1% - Here's Why

Smithson Investment Trust PLC (LON:SSON - Get Free Report) shares dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as GBX 1,492.40 ($20.32) and last traded at GBX 1,494 ($20.34). Approximately 276,108 shares were traded 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 ($20.37).

Smithson Investment Trust Price Performance

The firm has a market cap of £1.90 billion and a PE ratio of -44.45. The company has a 50 day simple moving average of GBX 1,432.48 and a 200-day simple moving average of GBX 1,472.80.

Insider Transactions at Smithson Investment Trust

In other Smithson Investment Trust news, insider Mike Balfour bought 7,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of GBX 1,456 ($19.82) per share, for a total transaction of £101,920 ($138,761.06). Company insiders own 2.69% of the company's stock.

Smithson Investment Trust Company Profile

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.