Witan Investment Trust (LON:WTAN) Share Price Crosses Above 50 Day Moving Average of $263.24

Witan Investment Trust plc (LON:WTAN) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 263.24 ($3.37) and traded as high as GBX 271.11 ($3.47). Witan Investment Trust shares last traded at GBX 270.50 ($3.46), with a volume of 1,456,237 shares trading hands.

Witan Investment Trust Price Performance

The business’s 50 day moving average is GBX 263.24 and its two-hundred day moving average is GBX 249.02. The firm has a market capitalization of £1.65 billion, a PE ratio of 966.07 and a beta of 0.73. The company has a debt-to-equity ratio of 15.35, a current ratio of 0.29 and a quick ratio of 0.57.

Witan Investment Trust Cuts Dividend

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