Smithson Investment Trust (LON:SSON) Trading Up 0.6% - Time to Buy?

Key Points

• Smithson Investment Trust (LON:SSON) shares rose by 0.6%, trading at GBX 1,555 ($20.90) during mid-day on Friday, although trading volume decreased by 46% compared to its average.
• The company has a market capitalization of £1.99 billion and a P/E ratio of -46.46, indicating potential concerns about profitability.
• Smithson focuses on global small and mid-cap companies, aiming for superior risk-adjusted returns similar to the Fundsmith Equity Fund by investing in firms with market caps between £500m and £15bn.

Smithson Investment Trust PLC (LON:SSON - ) shares were up 0.6% during mid-day trading on Friday . The stock traded as high as GBX 1,556 ($20.91) and last traded at GBX 1,555 ($20.90). Approximately 214,777 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 396,876 shares. The stock had previously closed at GBX 1,546 ($20.78).

Smithson Investment Trust Stock Performance

The company has a 50-day simple moving average of GBX 1,497.70 and a 200-day simple moving average of GBX 1,477.24. The stock has a market cap of £1.99 billion and a P/E ratio of -46.46.

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.

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