BlackRock Income and Growth (LON:BRIG) Trading Up 0.2% – Here’s Why

BlackRock Income and Growth (LON:BRIG)’s share price shot up 0.2% during mid-day trading on Friday . The stock traded as high as GBX 205.41 ($2.78) and last traded at GBX 205.41 ($2.78). 10,000 shares traded hands during trading, an increase of 59% from the average session volume of 6,303 shares. The stock had previously closed at GBX 205 ($2.78).

BlackRock Income and Growth Trading Up 0.2%

The company has a market capitalization of £41.36 million, a price-to-earnings ratio of 6.00 and a beta of 0.61. The company’s 50 day simple moving average is GBX 206.65 and its 200-day simple moving average is GBX 202.04.

BlackRock Income and Growth (LON:BRIG) last announced its quarterly earnings data on Thursday, June 19th. The company reported GBX 3.76 ($0.05) earnings per share (EPS) for the quarter. BlackRock Income and Growth had a net margin of 90.17% and a return on equity of 15.61%.

Insider Buying and Selling

In related news, insider Chrysoula Zervoudakis acquired 4,303 shares of the company’s stock in a transaction dated Friday, July 4th. The stock was bought at an average price of GBX 207 ($2.81) per share, with a total value of £8,907.21 ($12,072.66). 41.42% of the stock is owned by company insiders.

About BlackRock Income and Growth

The Company aims to provide growth in capital and income over the long term through investment in a diversified portfolio of principally UK listed equities.