Finsbury Growth & Income (LON:FGT) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Finsbury Growth & Income (LON:FGTGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 823.91 and traded as low as GBX 817. Finsbury Growth & Income shares last traded at GBX 824.59, with a volume of 561,078 shares.

Finsbury Growth & Income Stock Down 0.5%

The company has a market cap of £1.00 billion, a price-to-earnings ratio of 33.11 and a beta of 0.52. The company’s fifty day moving average price is GBX 823.91 and its two-hundred day moving average price is GBX 865.91.

Finsbury Growth & Income (LON:FGTGet Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The investment trust reported GBX 18.90 EPS for the quarter. Finsbury Growth & Income had a net margin of 89.28% and a return on equity of 6.50%.

Insider Transactions at Finsbury Growth & Income

In other news, insider Pars Purewal purchased 260 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of GBX 791 per share, for a total transaction of £2,056.60. Also, insider Katherine Cornish-Bowden acquired 144 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of GBX 791 per share, with a total value of £1,139.04. Insiders own 0.32% of the company’s stock.

About Finsbury Growth & Income

(Get Free Report)

The Company was founded in 1926 and Nick Train has managed the portfolio since his firm, Lindsell Train, was appointed as Portfolio Manager in 2000. Finsbury Growth & Income Trust PLC (“the Company”) invests principally in the securities of UK listed companies, whilst up to a maximum of 20% of the Company’s portfolio, at the time of acquisition, can be invested in quoted companies outside of the UK.

Further Reading

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