Schroder UK Mid Cap (LON:SCP) Reaches New 52-Week High – Here’s Why

Schroder UK Mid Cap (LON:SCP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 778 and last traded at GBX 770.53, with a volume of 18552 shares changing hands. The stock had previously closed at GBX 770.

Schroder UK Mid Cap Price Performance

The stock has a market capitalization of £254.36 million, a price-to-earnings ratio of 7.32 and a beta of 1.51. The stock has a 50-day moving average price of GBX 723.02 and a 200 day moving average price of GBX 723.64. The company has a current ratio of 0.42, a quick ratio of 0.22 and a debt-to-equity ratio of 7.54.

Schroder UK Mid Cap (LON:SCP) last announced its earnings results on Monday, June 29th. The company reported GBX 11.84 earnings per share for the quarter. Schroder UK Mid Cap had a return on equity of 14.71% and a net margin of 91.54%.

Insider Buying and Selling

In other news, insider Harry Morley bought 7,100 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of GBX 710 per share, for a total transaction of £50,410. Also, insider Richard Curling acquired 7,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of GBX 732 per share, for a total transaction of £51,240. 0.48% of the stock is owned by corporate insiders.

Schroder UK Mid Cap Company Profile

– Aims to provide a total return in excess of the FTSE 250 (ex-Investment Companies) Index and an attractive level of yield, which can contribute a degree of stability to the fund’s total return
– The potential for dividend growth through rising dividend payments from stocks held in the portfolio
– Invests in dynamic mid cap companies that have the potential to grow to be included in the FTSE 100 index, which are at an interesting point in their life cycle, and/or which could ultimately prove to be attractive takeover targets
– Managed by an award-winning fund manager backed by a team with extensive experience and expertise.