Smithson Investment Trust (LON:SSON) Stock Price Up 1.5% – Time to Buy?

Shares of Smithson Investment Trust PLC (LON:SSON) rose 1.5% during trading on Tuesday . The company traded as high as GBX 1,504 ($20.14) and last traded at GBX 1,498 ($20.06). Approximately 237,417 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 393,349 shares. The stock had previously closed at GBX 1,476 ($19.77).

Smithson Investment Trust Stock Up 1.5%

The firm has a market cap of £1.92 billion and a price-to-earnings ratio of -44.75. The stock has a 50 day moving average of GBX 1,419.90 and a 200 day moving average of GBX 1,469.93.

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

Smithson Investment Trust Announces Dividend

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

Insiders Place Their Bets

In other Smithson Investment Trust news, insider Mike Balfour bought 7,000 shares of the stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of GBX 1,456 ($19.50) per share, with a total value of £101,920 ($136,493.91). 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.