Finsbury Growth & Income (LON:FGT) Shares Cross Above 50 Day Moving Average – What’s Next?

by · The Cerbat Gem

Finsbury Growth & Income (LON:FGT – Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 817.36 and traded as high as GBX 837. Finsbury Growth & Income shares last traded at GBX 836.42, with a volume of 615,630 shares.

Finsbury Growth & Income Stock Down 0.1%

The firm has a market cap of £992.48 million, a P/E ratio of -88.92 and a beta of 0.52. The business’s 50 day moving average is GBX 817.83 and its two-hundred day moving average is GBX 859.50.

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

Insider Activity

In other Finsbury Growth & Income news, insider Pars Purewal bought 260 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average price of GBX 791 per share, with a total value of £2,056.60. Also, insider Katherine Cornish-Bowden bought 144 shares of the stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of GBX 791 per share, with a total value of £1,139.04. 0.32% of the stock is owned by corporate insiders.

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.

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