Finsbury Growth & Income (LON:FGT) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Finsbury Growth & Income shares have crossed above their 50-day moving average of GBX 912.42, reaching a high of GBX 928 during trading.
• The company has a market capitalization of £1.37 billion, with a price-to-earnings ratio of 15.11 and a net margin of 89.28%.
• Finsbury Growth & Income reported earnings per share of GBX 7.60 for its last quarterly earnings, highlighting a return on equity of 6.50%.

Finsbury Growth & Income (LON:FGT - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 912.42 ($12.12) and traded as high as GBX 928 ($12.32). Finsbury Growth & Income shares last traded at GBX 919.39 ($12.21), with a volume of 414,025 shares.

Finsbury Growth & Income Price Performance

The company's fifty day simple moving average is GBX 911.80 and its two-hundred day simple moving average is GBX 907.84. The stock has a market cap of £1.35 billion, a price-to-earnings ratio of 14.85 and a beta of 0.52.

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

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.