Finsbury Growth & Income (LON:FGT) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Finsbury Growth & Income (LON:FGT) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Finsbury Growth & Income Stock Performance

The stock has a market cap of £1.55 billion, a PE ratio of 1,378.10 and a beta of 0.52. The stock has a fifty day moving average of GBX 848.60 and a 200-day moving average of GBX 842.05. The company has a quick ratio of 0.48, a current ratio of 5.68 and a debt-to-equity ratio of 2.01.

Finsbury Growth & Income Increases Dividend

The business 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 3,114.75%.

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.