ICG Enterprise Trust (LON:ICGT) Share Price Crosses Above 50 Day Moving Average – What’s Next?

ICG Enterprise Trust PLC (LON:ICGT)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 1,405.87 and traded as high as GBX 1,408. ICG Enterprise Trust shares last traded at GBX 1,408, with a volume of 156,860 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating on shares of ICG Enterprise Trust in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ICG Enterprise Trust Trading Down 0.7%

The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.34 and a current ratio of 0.23. The company has a 50 day simple moving average of GBX 1,405.87 and a two-hundred day simple moving average of GBX 1,410.72. The firm has a market cap of £840.38 million, a PE ratio of -104.73 and a beta of 1.07.

Insider Activity

In other news, insider Jane Tufnell acquired 1,975 shares of ICG Enterprise Trust stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of GBX 1,464 per share, for a total transaction of £28,914. 0.86% of the stock is currently owned by insiders.

ICG Enterprise Trust Company Profile

ICG Enterprise Trust is focused exclusively on investing in buyouts in North America and Europe. Through our experience, global network and focus on defensive growth, we seek to deliver attractive long-term returns.