Finsbury Growth & Income (LON:FGT) Stock Passes Below 200-Day Moving Average – What’s Next?

Finsbury Growth & Income (LON:FGT)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 841.95 ($10.92) and traded as low as GBX 835 ($10.83). Finsbury Growth & Income shares last traded at GBX 841 ($10.91), with a volume of 799,661 shares traded.

Finsbury Growth & Income Trading Up 1.2 %

The company has a quick ratio of 0.48, a current ratio of 5.68 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of £1.55 billion, a PE ratio of 1,378.10 and a beta of 0.52. The business’s 50-day moving average is GBX 848.60 and its two-hundred day moving average is GBX 842.05.

Finsbury Growth & Income Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 10.80 ($0.14) per share. This is a positive change from Finsbury Growth & Income’s previous dividend of $8.80. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 1.27%. Finsbury Growth & Income’s dividend payout ratio (DPR) is presently 3,114.75%.

Finsbury Growth & Income Company Profile

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.