ICG Enterprise Trust (LON:ICGT) Shares Down 1.8% - Time to Sell?

Key Points

• ICG Enterprise Trust PLC shares dropped by 1.8% to GBX 1,380 ($18.48), with trading volume falling 26% below the average.
• The company's debt-to-equity ratio stands at 7.33, indicating substantial leverage, while its market capitalization is approximately £870 million.
• ICG Enterprise Trust focuses on investing in buyouts in North America and Europe to achieve long-term growth.

ICG Enterprise Trust PLC (LON:ICGT - ) shares traded down 1.8% during mid-day trading on Tuesday . The company traded as low as GBX 1,378.22 ($18.46) and last traded at GBX 1,380 ($18.48). 53,380 shares changed hands during trading, a decline of 26% from the average session volume of 71,839 shares. The stock had previously closed at GBX 1,406 ($18.83).

ICG Enterprise Trust Price Performance

The business's 50 day moving average price is GBX 1,433.78 and its 200-day moving average price is GBX 1,318.43. The company has a quick ratio of 0.35, a current ratio of 0.12 and a debt-to-equity ratio of 7.33. The company has a market cap of £869.99 million, a PE ratio of 842.44 and a beta of 0.85.

ICG Enterprise Trust Company Profile

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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