Schroder Income Growth (LON:SCF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Schroder Income Growth (LON:SCF)’s share price passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 370.64 and traded as low as GBX 364. Schroder Income Growth shares last traded at GBX 367, with a volume of 89,804 shares changing hands.

Schroder Income Growth Price Performance

The company has a market capitalization of £230.82 million, a P/E ratio of 4.45 and a beta of 1.08. The business’s 50-day simple moving average is GBX 370.40 and its 200 day simple moving average is GBX 358.83. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 9.70.

Insider Activity at Schroder Income Growth

In related news, insider Fraser McIntyre acquired 78 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of GBX 376 per share, for a total transaction of £293.28. 0.48% of the stock is owned by corporate insiders.

Schroder Income Growth Company Profile

– Targets outperformance by investing in the shares of companies paying dividends that should grow faster than the rate of inflation.
– Has raised its dividend consistently for the past 24 years, making it an attractive proposition for income-seeking investors.
– Managed by Sue Noffke, who has more than 20 years of investment experience specialising in UK equities.
– Fundamental research is at the heart of the investment process and Sue looks for out of favour companies that have the potential to deliver strong future returns.