F&C Investment Trust (LON:FCIT) Reaches New 12-Month High – Still a Buy?

F&C Investment Trust (LON:FCIT)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 335.90 and last traded at GBX 334.16, with a volume of 476550 shares traded. The stock had previously closed at GBX 331.30.

F&C Investment Trust Stock Up 0.7%

The company has a quick ratio of 3.92, a current ratio of 2.66 and a debt-to-equity ratio of 9.42. The stock has a 50-day simple moving average of GBX 316.85 and a 200-day simple moving average of GBX 313.30. The firm has a market capitalization of £1.57 billion, a PE ratio of 2.41 and a beta of 0.80.

F&C Investment Trust (LON:FCIT) last released its earnings results on Monday, March 16th. The company reported GBX 4.49 earnings per share (EPS) for the quarter. F&C Investment Trust had a return on equity of 11.28% and a net margin of 90.89%.

Insiders Place Their Bets

In other news, insider Rain Newton Smith bought 300 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of GBX 331 per share, with a total value of £993. Also, insider Beatrice Hollond bought 300 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of GBX 331 per share, with a total value of £993. Insiders acquired 1,872 shares of company stock valued at $593,002 over the last three months. Company insiders own 0.15% 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.