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

Shares of F&C Investment Trust (LON:FCIT) hit a new 52-week high on Wednesday following insider buying activity. The stock traded as high as GBX 1,276 and last traded at GBX 1,273.45, with a volume of 618617 shares changing hands. The stock had previously closed at GBX 1,266.

Specifically, insider Rain Newton Smith bought 78 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were acquired at an average price of GBX 1,264 per share, for a total transaction of £985.92. Also, insider Beatrice Hollond bought 78 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average cost of GBX 1,264 per share, with a total value of £985.92.

F&C Investment Trust Stock Performance

The company has a quick ratio of 3.92, a current ratio of 2.81 and a debt-to-equity ratio of 10.50. The firm has a 50-day simple moving average of GBX 1,249.28 and a 200 day simple moving average of GBX 1,211.95. The company has a market cap of £5.95 billion, a price-to-earnings ratio of 17.37 and a beta of 0.62.

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.

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.