Smithson Investment Trust (LON:SSON) Trading Down 0.1% – Here’s What Happened

Smithson Investment Trust PLC (LON:SSON)’s share price fell 0.1% during trading on Wednesday . The company traded as low as GBX 1,492.40 ($20.23) and last traded at GBX 1,494 ($20.25). 276,108 shares were traded during trading, a decline of 28% from the average session volume of 385,439 shares. The stock had previously closed at GBX 1,496 ($20.28).

Smithson Investment Trust Price Performance

The stock has a fifty day moving average of GBX 1,432.48 and a 200 day moving average of GBX 1,472.80. The firm has a market capitalization of £1.91 billion and a P/E ratio of -44.63.

Insiders Place Their Bets

In other news, insider Mike Balfour bought 7,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of GBX 1,456 ($19.74) per share, with a total value of £101,920 ($138,159.14). 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.