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

F&C Investment Trust (LON:FCIT) shares hit a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 1,222.57 and last traded at GBX 1,222.57, with a volume of 281742 shares trading hands. The stock had previously closed at GBX 1,216.

Specifically, insider Rain Newton Smith acquired 400 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was purchased at an average cost of GBX 1,213 per share, with a total value of £4,852.

F&C Investment Trust Stock Performance

The company’s 50 day moving average price is GBX 1,184.22 and its 200-day moving average price is GBX 1,129.59. The stock has a market cap of £5.87 billion, a P/E ratio of 17.00 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.

F&C Investment Trust (LON:FCIT) last issued its quarterly earnings results on Friday, August 1st. The company reported GBX 10.47 EPS for the quarter. F&C Investment Trust had a return on equity of 18.50% and a net margin of 95.33%.

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.