F&C Investment Trust (LON:FCIT) Hits New 1-Year High – Here’s What Happened

F&C Investment Trust (LON:FCIT) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 1,251 and last traded at GBX 1,249, with a volume of 609309 shares trading hands. The stock had previously closed at GBX 1,231.

F&C Investment Trust Stock Up 1.4%

The stock’s 50-day moving average price is GBX 1,219.67 and its two-hundred day moving average price is GBX 1,172.64. The company has a current ratio of 2.81, a quick ratio of 3.92 and a debt-to-equity ratio of 10.50. The stock has a market capitalization of £5.93 billion, a P/E ratio of 17.28 and a beta of 0.62.

Insiders Place Their Bets

In other news, insider Beatrice Hollond acquired 81 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average price of GBX 1,218 per share, with a total value of £986.58. Also, insider Rain Newton Smith acquired 81 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average price of GBX 1,218 per share, for a total transaction of £986.58. Insiders acquired 1,228 shares of company stock valued at $788,744 over the last three months. Company insiders own 0.13% of the company’s stock.

About F&C Investment Trust

F&C Investment Trust was founded in 1868 to bring the benefits of investing to a wider audience, we’re the oldest investment trust in the world.
F&C aims to provide a reliable foundation to deliver steady, long-term capital growth and a health dividend income. F&C has delivered increasing dividends for 54 years and is classified by the Association of Investment Companies (AIC) as a Dividend Hero.

The value of investments and any income from them can go down as well as up and you may not get back the original amount invested.