Schroder Income Growth (LON:SCF) Share Price Breaks Below 50 Day Moving Average – Here’s What Happened

Schroder Income Growth (LON:SCF) passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 368.44 and traded as low as GBX 353. Schroder Income Growth shares last traded at GBX 359, with a volume of 140,213 shares.

Schroder Income Growth Price Performance

The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 9.70. The firm has a market cap of £234.19 million, a PE ratio of 4.54 and a beta of 1.07. The firm’s fifty day simple moving average is GBX 367.98 and its two-hundred day simple moving average is GBX 360.20.

Insider Activity

In other news, insider Fraser McIntyre acquired 78 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of GBX 376 per share, for a total transaction of £293.28. 0.48% of the stock is currently owned by company insiders.

Schroder Income Growth Company Profile

– Targets outperformance by investing in the shares of companies paying dividends that should grow faster than the rate of inflation.
– Has raised its dividend consistently for the past 24 years, making it an attractive proposition for income-seeking investors.
– Managed by Sue Noffke, who has more than 20 years of investment experience specialising in UK equities.
– Fundamental research is at the heart of the investment process and Sue looks for out of favour companies that have the potential to deliver strong future returns.