Witan Investment Trust (LON:WTAN) Shares Cross Above Fifty Day Moving Average of $261.67

Witan Investment Trust plc (LON:WTAN)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 261.67 ($3.31) and traded as high as GBX 269.50 ($3.41). Witan Investment Trust shares last traded at GBX 266.50 ($3.37), with a volume of 1,083,551 shares.

Witan Investment Trust Stock Up 0.9 %

The company has a current ratio of 0.29, a quick ratio of 0.57 and a debt-to-equity ratio of 15.35. The firm has a market cap of £1.63 billion, a price-to-earnings ratio of 951.79 and a beta of 0.73. The firm’s 50 day simple moving average is GBX 261.67 and its two-hundred day simple moving average is GBX 247.78.

Witan Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 16th were given a GBX 1.51 ($0.02) dividend. The ex-dividend date was Thursday, May 16th. This represents a dividend yield of 0.59%. Witan Investment Trust’s payout ratio is 2,142.86%.

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.