F&C Investment Trust (LON:FCIT) Reaches New 52-Week High - Should You Consider Buying?

F&C Investment Trust (LON:FCIT - Get Free Report) achieved a new 52-week high during trading on Wednesday, peaking at GBX 1,150 ($14.04) per share. The stock maintained this price at the last transaction, with a trading volume of 320,052 shares. Just prior, it had closed at GBX 1,132 ($13.82).

F&C Investment Trust Experiences a 1.6% Increase

The investment firm boasts a market capitalization of £5.64 billion, with a price-to-earnings (P/E) ratio of 598.96 and a beta of 0.62. The stock has a fifty-day moving average of GBX 1,119.88 and a 200-day moving average of GBX 1,062.42. Its debt-to-equity ratio stands at 10.50, alongside a quick ratio of 3.92 and a current ratio of 2.81.

Dividend Announcement from F&C Investment Trust

Recently, the company declared a dividend that is scheduled for payment on Monday, February 3rd. Shareholders on record as of Thursday, January 2nd, will receive a dividend of GBX 3.60 ($0.04) for each share. This dividend yields 0.34% and the ex-dividend date is also set for January 2nd. Notably, F&C Investment Trust's dividend payout ratio (DPR) is significantly high at 781.25%.

Insider Activity in F&C Investment Trust

In other developments, insider Beatrice Hollond purchased 90 shares of the company on Friday, November 8th. The average purchase price was GBX 1,094 ($13.36), totaling £984.60 ($1,202.05). In the last quarter, insiders bought a total of 185 shares valued at around $206,436. Currently, company insiders hold 0.76% of the firm’s stock.

Overview of F&C Investment Trust

Established in 1868, F&C Investment Trust is recognized as the oldest collective investment scheme globally. It has built an impressive track record and grown into one of the largest firms of its kind. The firm's primary objective is to generate long-term growth and income by investing in an international portfolio of listed equities.

Should You Invest in F&C Investment Trust Now?

Before deciding to invest in F&C Investment Trust, it's important to get insights from financial analysts. While the trust currently holds a "Hold" rating among analysts, there are five other stocks that are reportedly being recommended as better investment options.

In an unpredictable market, it's wise to explore various choices and keep an eye on analyst recommendations.

Investment, Stocks, Dividend