STS Global Income & Growth Trust (LON:STS) Share Price Passes Above 50 Day Moving Average – Here’s Why

STS Global Income & Growth Trust (LON:STS)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 236.45 ($3.15) and traded as high as GBX 246 ($3.27). STS Global Income & Growth Trust shares last traded at GBX 240 ($3.19), with a volume of 96,502 shares.

STS Global Income & Growth Trust Price Performance

The firm has a market capitalization of £298.77 million, a P/E ratio of 16.27 and a beta of 0.42. The stock’s fifty day simple moving average is GBX 236.45 and its 200 day simple moving average is GBX 236.67. The company has a debt-to-equity ratio of 5.00, a current ratio of 0.15 and a quick ratio of 0.40.

STS Global Income & Growth Trust Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 3rd were issued a GBX 1.59 ($0.02) dividend. This represents a yield of 0.67%. The ex-dividend date was Thursday, April 3rd. STS Global Income & Growth Trust’s dividend payout ratio is currently 46.69%.

Insider Transactions at STS Global Income & Growth Trust

In related news, insider Sarah Harvey acquired 1,604 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of GBX 246 ($3.27) per share, with a total value of £3,945.84 ($5,251.32). Insiders own 26.93% of the company’s stock.

STS Global Income & Growth Trust Company Profile

Securities Trust of Scotland plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.