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Finsbury Growth & Income (LON:FGT) Share Price Crosses Below 50-Day Moving Average - What's Next?

Finsbury Growth & Income logo with Finance background

Shares of Finsbury Growth & Income (LON:FGT - Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 906.32 ($12.44) and traded as low as GBX 899 ($12.34). Finsbury Growth & Income shares last traded at GBX 901 ($12.36), with a volume of 430,929 shares trading hands.

Finsbury Growth & Income Price Performance

The firm has a market cap of £1.35 billion, a PE ratio of 14.90 and a beta of 0.52. The business has a fifty day moving average price of GBX 908.01 and a two-hundred day moving average price of GBX 904.12.

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

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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