Odyssean Investment Trust (LON:OIT) Sets New 1-Year Low – What’s Next?

Odyssean Investment Trust (LON:OIT) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 131.46 ($1.70) and last traded at GBX 132 ($1.71), with a volume of 246753 shares changing hands. The stock had previously closed at GBX 132 ($1.71).

Odyssean Investment Trust Stock Performance

The stock’s 50-day moving average is GBX 145.72 and its two-hundred day moving average is GBX 154.09. The stock has a market cap of £176.86 million, a PE ratio of -36.51 and a beta of 0.75.

Insider Activity

In related news, insider Richard King purchased 2,855 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average cost of GBX 153 ($1.98) per share, with a total value of £4,368.15 ($5,647.25). Also, insider Arabella Cecil purchased 3,397 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of GBX 150 ($1.94) per share, for a total transaction of £5,095.50 ($6,587.59). In the last three months, insiders have bought 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.