F&C Investment Trust (LON:FCIT) Sets New 12-Month High – Here’s Why

F&C Investment Trust (LON:FCIT)’s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 1,290 and last traded at GBX 1,289, with a volume of 393460 shares trading hands. The stock had previously closed at GBX 1,274.

F&C Investment Trust Stock Performance

The company has a 50-day moving average price of GBX 1,256.76 and a two-hundred day moving average price of GBX 1,219.79. 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 £6.10 billion, a P/E ratio of 17.81 and a beta of 0.62.

Insider Activity

In other news, insider Beatrice Hollond acquired 78 shares of the stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of GBX 1,264 per share, with a total value of £985.92. Also, insider Stephen Russell bought 1,176 shares of the stock in a transaction dated Wednesday, January 7th. The stock was purchased at an average price of GBX 1,268 per share, with a total value of £14,911.68. Over the last three months, insiders have purchased 1,488 shares of company stock valued at $1,885,380. 0.15% of the stock is currently owned by insiders.

F&C Investment Trust Company Profile

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.

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