Finsbury Growth & Income (LON:FGT) Sets New 52-Week Low – Time to Sell?

Shares of Finsbury Growth & Income (LON:FGT) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 766 and last traded at GBX 766.59, with a volume of 623671 shares trading hands. The stock had previously closed at GBX 780.

Finsbury Growth & Income Stock Performance

The firm’s fifty day simple moving average is GBX 815.96 and its 200 day simple moving average is GBX 850.42. The stock has a market capitalization of £895.42 million, a P/E ratio of -80.23 and a beta of 0.52.

Finsbury Growth & Income (LON:FGT) last posted its quarterly earnings results on Wednesday, December 3rd. The investment trust reported GBX 18.90 earnings per share (EPS) for the quarter. Finsbury Growth & Income had a net margin of 89.28% and a return on equity of 6.50%.

Insider Buying and Selling at Finsbury Growth & Income

In related news, insider Pars Purewal bought 260 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average price of GBX 791 per share, with a total value of £2,056.60. Also, insider Katherine Cornish-Bowden purchased 144 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of GBX 791 per share, for a total transaction of £1,139.04. 0.32% of the stock is owned by corporate insiders.

Finsbury Growth & Income Company Profile

The Company was founded in 1926 and Nick Train has managed the portfolio since his firm, Lindsell Train, was appointed as Portfolio Manager in 2000. Finsbury Growth & Income Trust PLC (“the Company”) invests principally in the securities of UK listed companies, whilst up to a maximum of 20% of the Company’s portfolio, at the time of acquisition, can be invested in quoted companies outside of the UK.