Finsbury Growth & Income (LON:FGT) Stock Passes Above 50 Day Moving Average of $841.31

Finsbury Growth & Income (LON:FGT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 841.31 ($10.57) and traded as high as GBX 854 ($10.73). Finsbury Growth & Income shares last traded at GBX 851 ($10.69), with a volume of 203,043 shares trading hands.

Finsbury Growth & Income Trading Down 0.1 %

The stock’s 50 day moving average is GBX 841.31 and its 200-day moving average is GBX 836.53. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.68 and a quick ratio of 0.48. The company has a market capitalization of £1.57 billion, a P/E ratio of 1,395.08 and a beta of 0.52.

Finsbury Growth & Income Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a GBX 8.80 ($0.11) dividend. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, April 4th. Finsbury Growth & Income’s dividend payout ratio is currently 3,114.75%.

Insider Activity at Finsbury Growth & Income

In other news, insider Katherine Cornish-Bowden acquired 139 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of GBX 853 ($10.72) per share, for a total transaction of £1,185.67 ($1,489.54). 5.80% of the stock is currently owned by corporate 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.