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Finsbury Growth & Income (LON:FGT) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Finsbury Growth & Income logo with Finance background

Finsbury Growth & Income (LON:FGT - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 911.26 ($12.29) and traded as low as GBX 904 ($12.19). Finsbury Growth & Income shares last traded at GBX 908.43 ($12.25), with a volume of 984,816 shares changing hands.

Finsbury Growth & Income Trading Down 0.3%

The stock has a fifty day simple moving average of GBX 911.26 and a two-hundred day simple moving average of GBX 905.12. The company has a market cap of £1.35 billion, a PE ratio of 14.92 and a beta of 0.52.

Finsbury Growth & Income (LON:FGT - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The investment trust reported GBX 7.60 ($0.10) EPS for the quarter. Finsbury Growth & Income had a return on equity of 6.50% and a net margin of 89.28%.

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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