Finsbury Growth & Income (LON:FGT) Hits New 12-Month Low – Should You Sell?

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

Finsbury Growth & Income Stock Down 3.3%

The stock has a market cap of £895.42 million, a P/E ratio of -80.23 and a beta of 0.52. The company’s 50 day moving average price is GBX 815.96 and its 200-day moving average price is GBX 850.42.

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

Insider Activity

In related news, insider Katherine Cornish-Bowden acquired 144 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of GBX 791 per share, for a total transaction of £1,139.04. Also, insider Pars Purewal acquired 260 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of GBX 791 per share, for a total transaction of £2,056.60. Corporate insiders own 0.32% of the company’s stock.

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.