Smithson Investment Trust (LON:SSON) Trading Down 0.3% – Here’s What Happened

Smithson Investment Trust PLC (LON:SSONGet Free Report)’s stock price dropped 0.3% on Tuesday . The company traded as low as GBX 1,566 and last traded at GBX 1,570. Approximately 233,372 shares were traded during trading, a decline of 56% from the average daily volume of 536,085 shares. The stock had previously closed at GBX 1,574.

Smithson Investment Trust Price Performance

The firm’s 50 day moving average price is GBX 1,569.73 and its 200-day moving average price is GBX 1,537.23. The stock has a market cap of £1.69 billion and a P/E ratio of 27.45.

About Smithson Investment Trust

(Get Free Report)

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. The fund is managed by Fundsmith LLP.

The Smithson investment strategy is a simple three step process:

1. Buy good companies.

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