Odyssean Investment Trust (LON:OIT) Hits New 52-Week Low – Here’s What Happened

Odyssean Investment Trust (LON:OIT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 134 ($1.73) and last traded at GBX 134.98 ($1.74), with a volume of 345101 shares trading hands. The stock had previously closed at GBX 135.50 ($1.74).

Odyssean Investment Trust Stock Down 0.4 %

The business has a fifty day moving average of GBX 147.15 and a 200 day moving average of GBX 155.19. The company has a market cap of £180.85 million, a P/E ratio of -37.33 and a beta of 0.75.

Insiders Place Their Bets

In other news, insider Arabella Cecil bought 3,397 shares of Odyssean Investment Trust stock in a transaction on Friday, January 10th. The shares were purchased at an average price of GBX 150 ($1.93) per share, for a total transaction of £5,095.50 ($6,560.45). Also, insider Richard King bought 3,200 shares of the stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of GBX 138 ($1.78) per share, with a total value of £4,416 ($5,685.59). In the last ninety days, insiders purchased 9,452 shares of company stock worth $1,387,965. 15.83% of the stock is currently owned by corporate insiders.

Odyssean Investment Trust Company Profile

Odyssean Investment Trust PLC is a closed-ended investment company that seeks to deliver attractive returns to its clients by investing in great businesses and supporting them to become even better. To achieve this the company has appointed Odyssean Capital LLP to manage the portfolio.

Odyssean Capital will invest in a concentrated portfolio of well researched smaller companies, typically too small for inclusion in the FTSE 250.