F&C Investment Trust (LON:FCIT) Shares Down 2.3% – Should You Sell?

F&C Investment Trust (LON:FCIT)’s stock price dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as GBX 1,097.15 ($14.20) and last traded at GBX 1,098 ($14.22). Approximately 9,220,589 shares were traded during mid-day trading, an increase of 996% from the average daily volume of 841,480 shares. The stock had previously closed at GBX 1,124 ($14.55).

F&C Investment Trust Price Performance

The business’s 50 day moving average price is GBX 1,158.91 and its 200-day moving average price is GBX 1,101.14. 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 company has a market cap of £5.31 billion, a PE ratio of 5.69 and a beta of 0.62.

F&C Investment Trust Announces Dividend

The company also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 2nd were issued a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 0.34%. The ex-dividend date of this dividend was Thursday, January 2nd. F&C Investment Trust’s payout ratio is 7.77%.

Insiders Place Their Bets

In other F&C Investment Trust news, insider Beatrice Hollond acquired 87 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were bought at an average cost of GBX 1,136 ($14.71) per share, for a total transaction of £988.32 ($1,279.54). Insiders have bought 103 shares of company stock worth $117,336 in the last quarter. 0.76% of the stock is owned by corporate insiders.

F&C Investment Trust Company Profile

Launched in 1868, the Trust is the world’s oldest collective investment scheme and has since gone on to amass an impressive track record and grow into one of the largest of its kind. Its aim is to generate long-term growth and income by investing primarily in an international portfolio of listed equities.