New Star Investment Trust (LON:NSI) Shares Down 0.5% – Time to Sell?

New Star Investment Trust plc (LON:NSI) shares dropped 0.5% during trading on Friday . The company traded as low as GBX 107.01 ($1.33) and last traded at GBX 107.01 ($1.33). Approximately 14,011 shares traded hands during trading, an increase of 30% from the average daily volume of 10,755 shares. The stock had previously closed at GBX 107.50 ($1.34).

New Star Investment Trust Price Performance

The stock has a fifty day moving average of GBX 107.05 and a 200 day moving average of GBX 111.34. The firm has a market capitalization of £76.00 million, a P/E ratio of 2,140.20 and a beta of 0.30.

New Star Investment Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were paid a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, November 14th. 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.