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

Key Points

• Finsbury Growth & Income shares fell below their 50-day moving average of GBX 908.22 during trading, reaching a low of GBX 899 ($12.09) on Monday.
• The investment trust reported a quarterly earnings per share of GBX 7.60, with a strong net margin of 89.28% and a return on equity of 6.50%.
• Managed by Nick Train since 2000, Finsbury Growth & Income primarily invests in UK-listed securities, with a limit of 20% for investments in non-UK companies.

Finsbury Growth & Income (LON:FGT - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 908.22 ($12.26) and traded as low as GBX 899 ($12.14). Finsbury Growth & Income shares last traded at GBX 909.27 ($12.28), with a volume of 676,847 shares changing hands.

Finsbury Growth & Income Trading Down 0.2%

The stock has a fifty day moving average price of GBX 907.81 and a 200-day moving average price of GBX 901.65. The firm has a market capitalization of £1.25 billion, a price-to-earnings ratio of 3,597.90 and a beta of 0.52.

Finsbury Growth & Income (LON:FGT - Get Free Report) last issued its earnings results on Thursday, May 29th. The investment trust reported GBX 7.60 earnings per share (EPS) 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

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.