ICG Enterprise Trust (LON:ICGT) Trading 2.8% Higher – Time to Buy?

ICG Enterprise Trust PLC (LON:ICGT)’s share price was up 2.8% during trading on Friday . The stock traded as high as GBX 1,388 and last traded at GBX 1,384. Approximately 81,892 shares changed hands during trading, a decline of 24% from the average daily volume of 107,860 shares. The stock had previously closed at GBX 1,346.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of ICG Enterprise Trust in a research report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, ICG Enterprise Trust presently has a consensus rating of “Hold”.

ICG Enterprise Trust Stock Up 2.8%

The firm has a market cap of £847.76 million, a price-to-earnings ratio of 13.75 and a beta of 1.06. The firm’s fifty day moving average is GBX 1,353.44 and its two-hundred day moving average is GBX 1,441.62. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.51 and a quick ratio of 0.35.

ICG Enterprise Trust (LON:ICGT) last posted its quarterly earnings data on Thursday, May 7th. The company reported GBX (3.55) earnings per share for the quarter. The company had revenue of GBX 231 million during the quarter. ICG Enterprise Trust had a negative return on equity of 0.66% and a negative net margin of 52.20%. On average, sell-side analysts expect that ICG Enterprise Trust PLC will post 1077.9999779 EPS for the current fiscal year.

Insider Activity

In related news, insider Alastair Bruce acquired 1,000 shares of ICG Enterprise Trust stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of GBX 1,302 per share, with a total value of £13,020. Also, insider Adiba Ighodaro acquired 169 shares of ICG Enterprise Trust stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of GBX 1,371 per share, with a total value of £2,316.99. Corporate insiders own 0.83% of the company’s stock.

About ICG Enterprise Trust

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.