Finsbury Growth & Income (LON:FGT) Shares Cross Below 200 Day Moving Average – Time to Sell?

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 Price Performance

The company’s 50-day moving average price is GBX 848.77 and its 200-day moving average price is GBX 841.95. 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 firm has a market cap of £1.53 billion, a price-to-earnings ratio of 1,378.69 and a beta of 0.52.

Finsbury Growth & Income Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, October 3rd. This is a positive change from Finsbury Growth & Income’s previous dividend of $8.80. This represents a yield of 1.27%. Finsbury Growth & Income’s dividend 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.