STS Global Income & Growth Trust (LON:STS) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

STS Global Income & Growth Trust (LON:STS)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 236.56 ($3.17) and traded as high as GBX 245.89 ($3.30). STS Global Income & Growth Trust shares last traded at GBX 244 ($3.27), with a volume of 49,381 shares.

STS Global Income & Growth Trust Price Performance

The company has a current ratio of 0.15, a quick ratio of 0.40 and a debt-to-equity ratio of 5.00. The stock has a 50 day simple moving average of GBX 236.56 and a 200-day simple moving average of GBX 237.14. The firm has a market cap of £299.03 million, a PE ratio of 16.29 and a beta of 0.42.

STS Global Income & Growth Trust (LON:STS) last released its quarterly earnings data on Thursday, May 22nd. The company reported GBX 6.74 ($0.09) earnings per share for the quarter. STS Global Income & Growth Trust had a return on equity of 6.50% and a net margin of 88.82%.

STS Global Income & Growth Trust Announces Dividend

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

Insider Activity

In related news, insider Sarah Harvey purchased 1,604 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of GBX 246 ($3.30) per share, for a total transaction of £3,945.84 ($5,291.46). Company 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.