ICG Enterprise Trust (LON:ICGT) Shares Up 2.8% – Here’s What Happened

Shares of ICG Enterprise Trust PLC (LON:ICGTGet Free Report) shot up 2.8% during mid-day trading on Friday . The company traded as high as GBX 1,388 and last traded at GBX 1,384. 81,892 shares changed hands during trading, a decline of 24% from the average session volume of 107,860 shares. The stock had previously closed at GBX 1,346.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating on shares of ICG Enterprise Trust in a research report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ICG Enterprise Trust presently has an average rating of “Hold”.

View Our Latest Stock Analysis on ICGT

ICG Enterprise Trust Stock Performance

The business’s 50-day moving average price is GBX 1,353.44 and its 200-day moving average price is GBX 1,441.62. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.35 and a current ratio of 0.51. The stock has a market cap of £847.76 million, a P/E ratio of 13.75 and a beta of 1.06.

ICG Enterprise Trust (LON:ICGTGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported GBX (3.55) earnings per share (EPS) for the quarter. ICG Enterprise Trust had a negative net margin of 52.20% and a negative return on equity of 0.66%. The business had revenue of GBX 231 million for the quarter. As a group, sell-side analysts expect that ICG Enterprise Trust PLC will post 1077.9999779 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Alastair Bruce bought 1,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of GBX 1,302 per share, for a total transaction of £13,020. Also, insider Adiba Ighodaro bought 169 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of GBX 1,371 per share, for a total transaction of £2,316.99. Insiders own 0.83% of the company’s stock.

About ICG Enterprise Trust

(Get Free Report)

ICG Enterprise Trust is focused exclusively on investing in buyouts in North America and Europe. Through our experience, global network and focus on defensive growth, we seek to deliver attractive long-term returns.

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