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

ICG Enterprise Trust PLC (LON:ICGT)’s share price fell 0.5% during trading on Tuesday . The stock traded as low as GBX 1,224 ($15.53) and last traded at GBX 1,228 ($15.58). 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 ($15.66).

ICG Enterprise Trust Trading Down 0.5 %

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 fifty day simple moving average of GBX 1,209.63 and a two-hundred day simple moving average of GBX 1,232.81. The firm has a market capitalization of £802.50 million, a P/E ratio of 4,723.08 and a beta of 0.85.

ICG Enterprise Trust Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date is Thursday, November 14th. This represents a dividend 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.