Odyssean Investment Trust (LON:OIT) Reaches New 52-Week High – Here’s Why

Odyssean Investment Trust (LON:OIT)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 182.60 and last traded at GBX 178.50, with a volume of 148473 shares. The stock had previously closed at GBX 178.50.

Odyssean Investment Trust Price Performance

The stock’s 50-day moving average is GBX 169.13 and its 200 day moving average is GBX 162.98. The stock has a market cap of £245.26 million, a price-to-earnings ratio of -57.58 and a beta of 0.75.

Odyssean Investment Trust (LON:OIT) last issued its earnings results on Monday, December 1st. The company reported GBX (0.20) earnings per share (EPS) for the quarter. Odyssean Investment Trust had a negative return on equity of 2.33% and a net margin of 186.18%.

Insiders Place Their Bets

In related news, insider Peter Hewitt purchased 10,000 shares of the stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of GBX 168 per share, with a total value of £16,800. Also, insider Richard King acquired 2,790 shares of Odyssean Investment Trust stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average price of GBX 169 per share, with a total value of £4,715.10. Over the last quarter, insiders acquired 56,342 shares of company stock worth $9,501,698. 0.96% of the stock is owned by corporate insiders.

About Odyssean Investment Trust