F&C Investment Trust (LON:FCIT) Reaches New 52-Week High – Still a Buy?

F&C Investment Trust (LON:FCIT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,251 and last traded at GBX 1,249, with a volume of 197831 shares. The stock had previously closed at GBX 1,241.

F&C Investment Trust Price Performance

The business’s 50 day moving average price is GBX 1,228.14 and its 200 day moving average price is GBX 1,182.11. The stock has a market capitalization of £5.95 billion, a P/E ratio of 17.34 and a beta of 0.62. The company has a debt-to-equity ratio of 10.50, a current ratio of 2.81 and a quick ratio of 3.92.

Insider Activity

In other news, insider Beatrice Hollond purchased 81 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of GBX 1,218 per share, with a total value of £986.58. Also, insider Rain Newton Smith acquired 81 shares of F&C Investment Trust stock in a transaction on Monday, November 10th. The shares were bought at an average price of GBX 1,218 per share, with a total value of £986.58. Insiders purchased 1,228 shares of company stock valued at $788,744 over the last 90 days. 0.13% of the stock is currently owned by corporate 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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