ICG Enterprise Trust (LON:ICGT) Stock Price Up 0.3% - Time to Buy?

Key Points

• ICG Enterprise Trust PLC's stock price increased by 0.3%, reaching a last trading price of GBX 1,408 ($19.04), even with a significant decline in trading volume.
• The company has a market capitalization of £885.27 million and a notably high price-to-earnings ratio of 859.53, indicating potentially high growth expectations or overvaluation.
• ICG Enterprise Trust focuses on investing in buyouts in North America and Europe and aims to deliver attractive long-term returns through a defensive growth strategy.

ICG Enterprise Trust PLC (LON:ICGT - )'s stock price rose 0.3% during trading on Tuesday . The stock traded as high as GBX 1,410 ($19.07) and last traded at GBX 1,408 ($19.04). Approximately 36,052 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 72,195 shares. The stock had previously closed at GBX 1,404 ($18.99).

ICG Enterprise Trust Stock Performance

The stock has a market capitalization of £885.27 million, a price-to-earnings ratio of 859.53 and a beta of 0.85. The company's fifty day simple moving average is GBX 1,439.54 and its 200 day simple moving average is GBX 1,326.86. The company has a quick ratio of 0.35, a current ratio of 0.12 and a debt-to-equity ratio of 7.33.

About ICG Enterprise Trust

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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