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Schroder Income Growth (LON:SCF) Shares Cross Below 50 Day Moving Average - What's Next?

Schroder Income Growth logo with Financial Services background

Schroder Income Growth (LON:SCF - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 282.77 ($3.56) and traded as low as GBX 276.04 ($3.47). Schroder Income Growth shares last traded at GBX 277 ($3.49), with a volume of 36,993 shares.

Schroder Income Growth Stock Down 0.2 %

The company has a debt-to-equity ratio of 13.93, a quick ratio of 0.17 and a current ratio of 0.12. The stock's 50 day moving average price is GBX 282.55 and its 200-day moving average price is GBX 287.88. The company has a market cap of £193.10 million, a PE ratio of 1,208.70 and a beta of 0.89.

Schroder Income Growth Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 24th will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date is Tuesday, December 24th. This represents a yield of 1.14%. Schroder Income Growth's payout ratio is 6,086.96%.

Insider Activity

In other news, insider Fraser McIntyre bought 3,543 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of GBX 281 ($3.54) per share, with a total value of £9,955.83 ($12,527.78). Insiders own 2.62% of the company's stock.

About Schroder Income Growth

(Get Free Report)

Schroder Income Growth Fund plc is an open ended equity mutual fund launched and managed by Schroder Investment Management 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. The fund benchmarks the performance of its portfolio against the FTSE All Share Total Return Index.

Further Reading

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