Witan Investment Trust (LON:WTAN) Hits New 52-Week High at $254.00

Witan Investment Trust plc (LON:WTAN)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 254 ($3.14) and last traded at GBX 250.50 ($3.09), with a volume of 821728 shares changing hands. The stock had previously closed at GBX 251 ($3.10).

Witan Investment Trust Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.24 and a debt-to-equity ratio of 16.50. The firm has a market cap of £1.55 billion, a PE ratio of 1,047.92 and a beta of 0.74. The firm’s fifty day simple moving average is GBX 245.21 and its two-hundred day simple moving average is GBX 234.50.

Witan Investment Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 22nd were issued a GBX 1.69 ($0.02) dividend. This represents a dividend yield of 0.71%. The ex-dividend date was Thursday, February 22nd. This is an increase from Witan Investment Trust’s previous dividend of $1.45. Witan Investment Trust’s payout ratio is 2,500.00%.

About Witan Investment Trust

Witan Investment Trust plc is a closed-ended equity mutual fund launched and managed by Witan Investment Services Limited. The fund is co-managed by Artemis Investment Management LLP, Lindsell Train Limited, Heronbridge Investment Management LLP, MFS International (UK) Limited, Veritas Asset Management LLP, Lansdowne Partners (UK) LLP, Marathon Asset Management, LLP, Matthews International Capital Management, LLC, Trilogy Global Advisors, LLC, Pzena Investment Management LLC, Tweedy, Browne Company LLC, and GQG Partners, LLC.