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Finsbury Growth & Income (LON:FGT) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Finsbury Growth & Income logo with Finance background

Finsbury Growth & Income (LON:FGT - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 911.26 ($12.23) and traded as low as GBX 904 ($12.14). Finsbury Growth & Income shares last traded at GBX 908.43 ($12.20), with a volume of 984,816 shares changing hands.

Finsbury Growth & Income Stock Performance

The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 15.11 and a beta of 0.52. The company's 50 day moving average is GBX 911.26 and its 200 day moving average is GBX 905.34.

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

Finsbury Growth & Income Company Profile

(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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