Finsbury Growth & Income (LON:FGT) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Finsbury Growth & Income (LON:FGT)’s stock price 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.

Finsbury Growth & Income Stock Performance

The business has a 50 day simple moving average of GBX 849 and a 200-day simple moving average of GBX 843.16. The stock 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 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 announced a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd were issued a GBX 10.80 ($0.14) dividend. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 1.27%. This is a positive change from Finsbury Growth & Income’s previous dividend of $8.80. Finsbury Growth & Income’s dividend payout ratio is presently 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.