Finsbury Growth & Income (LON:FGT) Hits New 1-Year Low - What's Next?

Key Points

• Finsbury Growth & Income hit a new 52-week low, falling to GBX 707 intraday and last trading at GBX 717.39 on volume of 797,573 shares, trading below its 50‑day (GBX 760.10) and 200‑day (GBX 808.21) moving averages.
• The trust shows potential valuation and balance-sheet concerns with a market cap of £811.68m, a negative P/E of -76.32, high debt-to-equity of 2.38 and weak liquidity (quick ratio 0.48, current ratio 0.36).
• Managed by Nick Train’s Lindsell Train since 2000, the fund primarily invests in UK-listed companies while allowing up to 20% of the portfolio in quoted companies outside the UK.

Finsbury Growth & Income (LON:FGT - ) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 707 and last traded at GBX 717.39, with a volume of 797573 shares changing hands. The stock had previously closed at GBX 713.

Finsbury Growth & Income Trading Up 0.6%

The stock has a market cap of £811.68 million, a P/E ratio of -76.32 and a beta of 0.72. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.48 and a current ratio of 0.36. The stock's fifty day moving average is GBX 760.10 and its 200 day moving average is GBX 808.21.

About Finsbury Growth & Income

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.