Finsbury Growth & Income (LON:FGT) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Finsbury Growth & Income (LON:FGT) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 849.06 ($11.05) and traded as high as GBX 852 ($11.09). Finsbury Growth & Income shares last traded at GBX 851.37 ($11.08), with a volume of 786,247 shares changing hands.

Finsbury Growth & Income Stock Performance

The firm’s fifty day moving average price is GBX 849.06 and its 200 day moving average price is GBX 843.14. The firm has a market cap of £1.55 billion, a P/E ratio of 1,395.69 and a beta of 0.52. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.48 and a current ratio of 5.68.

Finsbury Growth & Income Increases Dividend

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