F&C Investment Trust (LON:FCIT) Sets New 12-Month High – Should You Buy?

F&C Investment Trust (LON:FCIT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,064 ($13.89) and last traded at GBX 1,050 ($13.71), with a volume of 698058 shares trading hands. The stock had previously closed at GBX 1,056 ($13.79).

F&C Investment Trust Price Performance

The stock has a market cap of £5.15 billion, a P/E ratio of 546.38 and a beta of 0.62. The company has a 50 day simple moving average of GBX 1,027.75 and a 200 day simple moving average of GBX 1,017.81. The company has a current ratio of 2.81, a quick ratio of 3.92 and a debt-to-equity ratio of 10.50.

F&C Investment Trust Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 0.35%. F&C Investment Trust’s payout ratio is presently 781.25%.

Insiders Place Their Bets

In other news, insider Julie Tankard purchased 960 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of GBX 1,036 ($13.53) per share, with a total value of £9,945.60 ($12,987.20). Insiders have purchased 978 shares of company stock valued at $1,012,623 in the last 90 days. 0.76% of the stock is currently owned by insiders.

F&C Investment Trust Company Profile

F&C Investment Trust PLC operates closed ended fund. Its objective is to secure long term growth in capital and income from an international investment portfolio. F&C Management Limited manages the investment portfolio of the company. The company is based in London, the United Kingdom.