ICG Enterprise Trust (LON:ICGT) Shares Down 0.8% – Here’s What Happened

ICG Enterprise Trust PLC (LON:ICGT)’s stock price traded down 0.8% during trading on Tuesday . The company traded as low as GBX 1,300.32 ($16.61) and last traded at GBX 1,308 ($16.71). 40,222 shares were traded during mid-day trading, a decline of 66% from the average session volume of 117,971 shares. The stock had previously closed at GBX 1,318 ($16.84).

ICG Enterprise Trust Price Performance

The company’s 50 day simple moving average is GBX 1,235.69 and its two-hundred day simple moving average is GBX 1,242.25. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.35. The stock has a market capitalization of £854.78 million, a P/E ratio of 5,030.77 and a beta of 0.85.

ICG Enterprise Trust Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a GBX 8.50 ($0.11) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 0.72%. ICG Enterprise Trust’s payout ratio is 13,076.92%.

About ICG Enterprise Trust

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.