F&C Investment Trust (LON:FCIT) Hits New 12-Month High After Insider Buying Activity

F&C Investment Trust (LON:FCIT)’s share price reached a new 52-week high during trading on Monday following insider buying activity. The company traded as high as GBX 1,271 and last traded at GBX 1,265, with a volume of 327381 shares trading hands. The stock had previously closed at GBX 1,268.

Specifically, insider Beatrice Hollond acquired 78 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was bought at an average cost of GBX 1,263 per share, for a total transaction of £985.14. Also, insider Rain Newton Smith acquired 78 shares of F&C Investment Trust stock in a transaction that occurred on Friday, January 9th. The stock was bought at an average price of GBX 1,263 per share, for a total transaction of £985.14. In other news, insider Stephen Russell purchased 1,176 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of GBX 1,268 per share, for a total transaction of £14,911.68.

F&C Investment Trust Price Performance

The stock’s fifty day moving average price is GBX 1,235.68 and its 200-day moving average price is GBX 1,192.64. The firm has a market cap of £6.00 billion, a PE ratio of 17.51 and a beta of 0.62. The company has a debt-to-equity ratio of 10.50, a quick ratio of 3.92 and a current ratio of 2.81.

About F&C Investment Trust

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.

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