The Independent Investment Trust plc (LON:IIT)’s stock price dropped 4.5% on Monday . The stock traded as low as GBX 487 ($6.36) and last traded at GBX 500.38 ($6.54), approximately 20,034 shares were traded during mid-day trading. A decline of 79% from the average daily volume of 93,441 shares. The stock had previously closed at GBX 524 ($6.85).
The stock has a market capitalization of $278.48 million and a price-to-earnings ratio of -7.84. The company’s fifty day moving average price is GBX 519.66.
The firm also recently disclosed a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, August 1st will be given a GBX 3 ($0.04) dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, August 1st. The Independent Investment Trust’s payout ratio is currently -0.11%.
The Independent Investment Trust Company Profile (LON:IIT)
The Independent Investment Trust PLC is a publically owned investment manager. The firm launches and manages equity mutual fund for its clients. It invests in public equity markets across the globe. The Independent Investment Trust PLC is based in Edinburgh, United Kingdom.
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