Witan Investment Trust (LON:WTAN) Reaches New 52-Week High at $255.50

Witan Investment Trust plc (LON:WTAN) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 255.50 ($3.21) and last traded at GBX 255.50 ($3.21), with a volume of 578321 shares trading hands. The stock had previously closed at GBX 252 ($3.17).

Witan Investment Trust Price Performance

The stock has a market capitalization of £1.55 billion, a P/E ratio of 914.29 and a beta of 0.74. The company has a debt-to-equity ratio of 15.35, a quick ratio of 0.57 and a current ratio of 0.29. The firm has a fifty day moving average price of GBX 246.83 and a two-hundred day moving average price of GBX 235.70.

Witan Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be given a dividend of GBX 1.51 ($0.02) per share. This represents a yield of 0.59%. The ex-dividend date of this dividend is Thursday, May 16th. Witan Investment Trust’s dividend payout ratio (DPR) is presently 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.