Smithson Investment Trust (LON:SSON) Sets New 12-Month Low – Here’s What Happened

Smithson Investment Trust PLC (LON:SSON)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,332 ($17.18) and last traded at GBX 1,333 ($17.19), with a volume of 306419 shares. The stock had previously closed at GBX 1,374 ($17.72).

Smithson Investment Trust Price Performance

The firm’s 50 day moving average price is GBX 1,501.12 and its 200-day moving average price is GBX 1,472.23. The stock has a market cap of £1.71 billion and a P/E ratio of -39.97.

Smithson Investment Trust (LON:SSON) last released its quarterly earnings data on Thursday, March 6th. The company reported GBX 3 ($0.04) earnings per share (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 Dividend Announcement

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

Insider Buying and Selling

In related news, insider Mike Balfour acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of GBX 1,456 ($18.77) per share, with a total value of £101,920 ($131,424.89). 2.69% of the stock is owned by corporate insiders.

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.