Smithson Investment Trust (LON:SSON) Reaches New 1-Year Low – Time to Sell?

Smithson Investment Trust PLC (LON:SSON) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,332 ($17.45) and last traded at GBX 1,333 ($17.47), with a volume of 306419 shares trading hands. The stock had previously closed at GBX 1,374 ($18.00).

Smithson Investment Trust Trading Down 3.1 %

The stock has a market cap of £1.70 billion and a PE ratio of -39.79. The business has a 50-day moving average price of GBX 1,504.84 and a 200 day moving average price of GBX 1,473.17.

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

Smithson Investment Trust Announces Dividend

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

Insider Transactions at Smithson Investment Trust

In other Smithson Investment Trust news, insider Mike Balfour bought 7,000 shares of Smithson Investment Trust stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of GBX 1,456 ($19.08) per share, with a total value of £101,920 ($133,542.98). 2.69% of the stock is owned by insiders.

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.