F&C Investment Trust (LON:FCIT) Reaches New 1-Year High Following Insider Buying Activity

F&C Investment Trust (LON:FCIT)’s share price hit a new 52-week high during mid-day trading on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 1,245 and last traded at GBX 1,242, with a volume of 436589 shares changing hands. The stock had previously closed at GBX 1,232.

Specifically, insider Beatrice Hollond bought 81 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of GBX 1,218 per share, with a total value of £986.58. Also, insider Rain Newton Smith purchased 81 shares of the stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of GBX 1,218 per share, with a total value of £986.58.

F&C Investment Trust Trading Up 0.9%

The firm has a market cap of £5.92 billion, a PE ratio of 17.20 and a beta of 0.62. The firm has a fifty day simple moving average of GBX 1,196.88 and a two-hundred day simple moving average of GBX 1,145.48. 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 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.

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.