New Star Investment Trust (LON:NSI) Trading 2.6% Higher – What’s Next?

New Star Investment Trust plc (LON:NSI)’s share price traded up 2.6% 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 mid-day 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 firm’s 50 day moving average price is GBX 106.81 and its two-hundred day moving average price is GBX 112.08. The firm has a market cap of £76.35 million, a PE ratio of 2,205.00 and a beta of 0.30.

New Star Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, November 14th. This represents a yield of 1.61%. New Star Investment Trust’s payout ratio is 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.