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

Shares of STS Global Income & Growth Trust (LON:STS) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 227.04 and traded as low as GBX 226. STS Global Income & Growth Trust shares last traded at GBX 226, with a volume of 65,087 shares trading hands.

STS Global Income & Growth Trust Trading Down 1.3%

The business has a 50 day moving average of GBX 227.26 and a 200 day moving average of GBX 230.12. The firm has a market capitalization of £247.62 million, a price-to-earnings ratio of -22.43 and a beta of 0.55. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.30 and a quick ratio of 0.40.

STS Global Income & Growth Trust (LON:STS) last released its earnings results on Tuesday, May 19th. The company reported GBX 6.49 earnings per share for the quarter. The firm had revenue of GBX 979 million for the quarter. STS Global Income & Growth Trust had a negative return on equity of 4.38% and a net margin of 142.51%.

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. The fund invests in stocks of large-cap companies with market capitalizations over £1 billion. It benchmarks the performance of its portfolio against the MSCI World High Dividend Yield Index.