Finsbury Growth & Income Trust (LON:FGT) Shares Pass Below 200 Day Moving Average of $859.56

Finsbury Growth & Income Trust PLC (LON:FGT – Get Rating) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 859.56 ($10.60) and traded as low as GBX 779 ($9.60). Finsbury Growth & Income Trust shares last traded at GBX 793 ($9.78), with a volume of 471,558 shares changing hands.

The stock’s 50-day moving average is GBX 816.19 and its 200-day moving average is GBX 859.56. The stock has a market cap of £1.77 billion and a P/E ratio of 9.01. The company has a current ratio of 17.12, a quick ratio of 17.12 and a debt-to-equity ratio of 1.78.

The business also recently announced a dividend, which was paid on Friday, May 13th. Investors of record on Thursday, March 31st were given a GBX 8.30 ($0.10) dividend. The ex-dividend date was Thursday, March 31st. This represents a yield of 1.05%. Finsbury Growth & Income Trust’s dividend payout ratio is presently 0.29%.

In related news, insider Simon Hayes bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The stock was purchased at an average price of GBX 759 ($9.36) per share, for a total transaction of £151,800 ($187,153.25).

About Finsbury Growth & Income Trust (LON:FGT)

Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.

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