Finsbury Growth & Income (LON:FGT) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Finsbury Growth & Income stock has fallen below its fifty-day moving average, trading at GBX 850 ($11.32), after reaching a low of GBX 844.20 ($11.25).
• The company has a market capitalization of £1.12 billion and an extraordinarily high PE ratio of 3,411.29.
• Managed by Nick Train since 2000, Finsbury Growth & Income primarily invests in UK listed companies, with the option to allocate up to 20% of its portfolio to international firms.

Finsbury Growth & Income (LON:FGT - ) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 875.99 ($11.67) and traded as low as GBX 844.20 ($11.25). Finsbury Growth & Income shares last traded at GBX 850 ($11.32), with a volume of 8,877,011 shares trading hands.

Finsbury Growth & Income Stock Performance

The stock has a market cap of £1.12 billion, a PE ratio of 3,411.29 and a beta of 0.52. The company's 50-day moving average price is GBX 875.99 and its 200 day moving average price is GBX 892.03.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.