AVI Global Trust (LON:AGT) Trading Up 1.7% – Here’s Why

AVI Global Trust plc (LON:AGT)’s share price shot up 1.7% during trading on Wednesday . The stock traded as high as GBX 248.50 and last traded at GBX 245.50. 1,849,264 shares were traded during trading, an increase of 104% from the average session volume of 905,443 shares. The stock had previously closed at GBX 241.50.

AVI Global Trust Price Performance

The company has a debt-to-equity ratio of 14.08, a quick ratio of 12.68 and a current ratio of 12.05. The company has a 50-day moving average price of GBX 257.29 and a 200-day moving average price of GBX 257.18. The firm has a market capitalization of £996.59 million, a P/E ratio of 8.77 and a beta of 0.91.

Insiders Place Their Bets

In related news, insider Neil Galloway bought 10,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of GBX 254 per share, with a total value of £25,400. Insiders own 0.13% of the company’s stock.

About AVI Global Trust

Established in 1889, the Company’s investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value.

Unique
A concentrated portfolio combination of family-controlled holding companies, closed-end funds and asset-backed opportunities, unlikely to be found in other funds or indices.

Diversified
A concentrated portfolio of high conviction ideas, yet with broad diversification to sectors and companies through the holding structures of the portfolio companies.

Engaged
Seeking out good quality companies and engaging to improve shareholder value.

Active
Finding complex, inefficient, and overlooked investment opportunities.

Global
Bottom-up stock picking that is benchmark agnostic – seeking the best equity opportunities across the globe.