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

Finsbury Growth & Income logo with Finance background

Key Points

  • Finsbury Growth & Income (LON:FGT) shares have fallen below their 50-day moving average of GBX 907.11, trading as low as GBX 872 ($11.68) on Tuesday.
  • The stock has a market capitalization of £1.22 billion and a significantly high PE ratio of 3,528.23.
  • Managed by Nick Train since 2000, the company primarily invests in UK listed companies, with up to 20% of its portfolio allowed for international investments.
  • MarketBeat previews the top five stocks to own by October 1st.

Finsbury Growth & Income (LON:FGT - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 907.11 ($12.25) and traded as low as GBX 872 ($11.78). Finsbury Growth & Income shares last traded at GBX 878 ($11.86), with a volume of 494,763 shares traded.

Finsbury Growth & Income Stock Up 0.1%

The business's fifty day moving average is GBX 906.31 and its 200 day moving average is GBX 899.68. The firm has a market capitalization of £1.24 billion, a price-to-earnings ratio of 3,588.71 and a beta of 0.52.

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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