Finsbury Growth & Income (LON:FGT) Reaches New 52-Week High – Here’s Why

Finsbury Growth & Income (LON:FGT) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 964 ($12.05) and last traded at GBX 962.80 ($12.04), with a volume of 84237 shares. The stock had previously closed at GBX 956 ($11.95).

Finsbury Growth & Income Stock Performance

The stock has a 50-day simple moving average of GBX 907.76 and a 200 day simple moving average of GBX 867.86. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.68 and a quick ratio of 0.48. The company has a market capitalization of £1.77 billion, a PE ratio of 1,579.59 and a beta of 0.52.

Finsbury Growth & Income (LON:FGT) last released its quarterly earnings results on Wednesday, December 4th. The investment trust reported GBX 20.80 ($0.26) earnings per share for the quarter. Finsbury Growth & Income had a return on equity of 7.05% and a net margin of 89.62%.

About Finsbury Growth & Income

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.