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

Key Points

• Finsbury Growth & Income (LON:FGT) shares recently crossed above their 50-day moving average of GBX 911.51 ($12.26), with the stock trading at GBX 911.89 ($12.26).
• The investment trust reported a net margin of 89.28% and earnings per share of GBX 7.60 ($0.10) for the most recent quarter.
• The company, managed by Nick Train, primarily invests in UK listed companies, allowing up to 20% of its portfolio to be allocated to international securities.

Shares of Finsbury Growth & Income (LON:FGT - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 911.51 ($12.26) and traded as high as GBX 912.04 ($12.27). Finsbury Growth & Income shares last traded at GBX 911.89 ($12.26), with a volume of 338,601 shares traded.

Finsbury Growth & Income Stock Performance

The company has a 50 day moving average of GBX 911.51 and a two-hundred day moving average of GBX 907.65. The stock has a market capitalization of £1.35 billion, a PE ratio of 14.86 and a beta of 0.52.

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

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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