New Star Investment Trust (LON:NSI) Shares Up 2.6% – Should You Buy?

New Star Investment Trust plc (LON:NSI)’s stock price shot up 2.6% during mid-day trading on Friday . The stock traded as high as GBX 110.25 ($1.39) and last traded at GBX 110.25 ($1.39). 5,000 shares were traded during trading, a decline of 62% from the average session volume of 13,190 shares. The stock had previously closed at GBX 107.50 ($1.36).

New Star Investment Trust Stock Performance

The company has a fifty day simple moving average of GBX 106.81 and a 200 day simple moving average of GBX 112.05. The stock has a market capitalization of £76.35 million, a price-to-earnings ratio of 2,150.00 and a beta of 0.30.

New Star Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were issued a GBX 1.70 ($0.02) dividend. This represents a yield of 1.61%. The ex-dividend date of this dividend was Thursday, November 14th. New Star Investment Trust’s payout ratio is presently 6,000.00%.

About New Star Investment Trust

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.