ICG Enterprise Trust (LON:ICGT) Stock Price Down 0.5% – Here’s Why

ICG Enterprise Trust PLC (LON:ICGT) was down 0.5% during trading on Tuesday . The company traded as low as GBX 1,224 ($15.41) and last traded at GBX 1,228 ($15.46). Approximately 66,278 shares changed hands during trading, a decline of 44% from the average daily volume of 117,390 shares. The stock had previously closed at GBX 1,234 ($15.54).

ICG Enterprise Trust Stock Up 0.3 %

The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of £806.42 million, a P/E ratio of 4,730.77 and a beta of 0.85. The business has a 50-day moving average price of GBX 1,210.83 and a 200 day moving average price of GBX 1,232.79.

ICG Enterprise Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date is Thursday, November 14th. This represents a yield of 0.72%. ICG Enterprise Trust’s payout ratio is presently 13,076.92%.

ICG Enterprise Trust Company Profile

ICG Enterprise Trust PLC specializes in direct and fund of funds investments. The fund does not make venture capital investments in startups or early stage funds. The fund also provides growth capital. In direct co-investments, the fund invests in buyouts of mature companies. For fund of fund investments, the fund seeks to invest in primary funds, secondary fund purchases, private equity buyout funds, growth capital funds, and mezzanine funds.