Witan Investment Trust (LON:WTAN) Stock Price Passes Above 50-Day Moving Average of $244.58

Witan Investment Trust plc (LON:WTAN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 244.58 ($3.04) and traded as high as GBX 248.50 ($3.09). Witan Investment Trust shares last traded at GBX 248.50 ($3.09), with a volume of 715,218 shares traded.

Witan Investment Trust Price Performance

The stock has a market capitalization of £1.52 billion, a P/E ratio of 1,035.42 and a beta of 0.74. The business’s 50 day moving average price is GBX 244.58 and its 200 day moving average price is GBX 233.68. The company has a debt-to-equity ratio of 16.50, a current ratio of 0.24 and a quick ratio of 0.57.

Witan Investment Trust Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 22nd were paid a GBX 1.69 ($0.02) dividend. This is an increase from Witan Investment Trust’s previous dividend of $1.45. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, February 22nd. Witan Investment Trust’s dividend payout ratio (DPR) is 2,500.00%.

About Witan Investment Trust

Witan Investment Trust plc is a closed-ended equity mutual fund launched and managed by Witan Investment Services Limited. The fund is co-managed by Artemis Investment Management LLP, Lindsell Train Limited, Heronbridge Investment Management LLP, MFS International (UK) Limited, Veritas Asset Management LLP, Lansdowne Partners (UK) LLP, Marathon Asset Management, LLP, Matthews International Capital Management, LLC, Trilogy Global Advisors, LLC, Pzena Investment Management LLC, Tweedy, Browne Company LLC, and GQG Partners, LLC.