F&C Investment Trust Insider Acquires £985 in Shares Amid Market Activity

Rain Newton Smith, an insider at F&C Investment Trust (LON:FCIT), purchased 78 shares of the company on January 9, 2024, for a total cost of £985.14. The shares were acquired at an average price of GBX 1,263 each. This transaction highlights insider confidence in the company amid fluctuating market conditions.

As of Thursday, shares of F&C Investment Trust opened at GBX 1,255, reflecting a slight decline of 0.5%. The firm’s current financial metrics indicate a debt-to-equity ratio of 10.50, alongside a current ratio of 2.81 and a quick ratio of 3.92. With a market capitalization standing at approximately £5.95 billion, the company maintains a price-to-earnings ratio of 17.37, suggesting a stable valuation in the investment sector.

Market Performance and Company Overview

F&C Investment Trust has demonstrated resilience, with its stock exhibiting a one-year low of GBX 900.75 and a one-year high of GBX 1,271. The company’s 50-day simple moving average is currently at GBX 1,237.24, while the 200-day simple moving average is at GBX 1,195.30. These figures indicate a steady performance trajectory, which may attract further investor interest.

Established in 1868, F&C Investment Trust is recognized as the oldest investment trust globally. The company aims to provide reliable long-term capital growth and consistent dividend income. Notably, F&C has raised its dividends for 54 consecutive years, earning the classification of a Dividend Hero from the Association of Investment Companies (AIC).

Investors should note that, as with any investment, the value of shares can fluctuate, and there is a possibility of losing the original invested amount.

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