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

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

ICG Enterprise Trust Stock Performance

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 firm has a market cap of £806.42 million, a price-to-earnings ratio of 4,730.77 and a beta of 0.85. The firm has a fifty day simple moving average of GBX 1,210.83 and a two-hundred day simple moving average of GBX 1,232.79.

ICG Enterprise Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be issued a GBX 8.50 ($0.11) dividend. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, November 14th. ICG Enterprise Trust’s dividend 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.