BlackRock Income and Growth (LON:BRIG) Stock Price Up 2.5%

BlackRock Income and Growth (LON:BRIG) shares rose 2.5% on Monday . The stock traded as high as GBX 208 ($2.78) and last traded at GBX 203 ($2.71). Approximately 823 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 8,116 shares. The stock had previously closed at GBX 198 ($2.64).

BlackRock Income and Growth Trading Up 2.5 %

The stock has a market capitalization of £40.34 million, a P/E ratio of 2,255.56 and a beta of 0.61. The stock’s 50 day moving average price is GBX 199 and its 200-day moving average price is GBX 194.38. The company has a quick ratio of 0.88, a current ratio of 0.47 and a debt-to-equity ratio of 9.13.

Insiders Place Their Bets

In related news, insider Graeme Proudfoot purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average cost of GBX 188 ($2.51) per share, for a total transaction of £37,600 ($50,186.87). 41.28% of the stock is owned by company insiders.

BlackRock Income and Growth Company Profile

BlackRock Income and Growth Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.