Finsbury Growth & Income (LON:FGT) Stock Passes Above 50 Day Moving Average of $840.91

Finsbury Growth & Income (LON:FGT)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 840.91 ($11.11) and traded as high as GBX 860 ($11.36). Finsbury Growth & Income shares last traded at GBX 852 ($11.25), with a volume of 1,553,198 shares traded.

Finsbury Growth & Income Stock Performance

The company’s 50 day moving average is GBX 840.91 and its 200-day moving average is GBX 842.16. The company has a market capitalization of £1.56 billion, a P/E ratio of 1,396.72 and a beta of 0.52. The company has a current ratio of 5.68, a quick ratio of 0.48 and a debt-to-equity ratio of 2.01.

Finsbury Growth & Income Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be given a GBX 10.80 ($0.14) dividend. This represents a yield of 1.27%. The ex-dividend date is Thursday, October 3rd. This is a boost from Finsbury Growth & Income’s previous dividend of $8.80. Finsbury Growth & Income’s payout ratio is currently 3,114.75%.

Insider Buying and Selling

In other Finsbury Growth & Income news, insider Pars Purewal purchased 17,802 shares of Finsbury Growth & Income stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average price of GBX 838 ($11.07) per share, for a total transaction of £149,180.76 ($197,068.38). 5.83% of the stock is currently owned by company insiders.

About Finsbury Growth & Income

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.