Schroder Income Growth (LON:SCF) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Schroder Income Growth (LON:SCF)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 Price Performance

The company has a market capitalization of £193.10 million, a P/E ratio of 1,208.70 and a beta of 0.89. The company has a debt-to-equity ratio of 13.93, a current ratio of 0.12 and a quick ratio of 0.17. The firm’s 50-day moving average is GBX 282.39 and its 200-day moving average is GBX 287.81.

Schroder Income Growth Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 24th will be paid a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a dividend yield of 1.14%. Schroder Income Growth’s dividend payout ratio (DPR) is 6,086.96%.

Insider Buying and Selling at Schroder Income Growth

In other news, insider Fraser McIntyre purchased 3,543 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of GBX 281 ($3.54) per share, with a total value of £9,955.83 ($12,527.78). 2.62% of the stock is currently owned by corporate insiders.

Schroder Income Growth Company Profile

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.