Schroder Income Growth (LON:SCF) Shares Cross Below Fifty Day Moving Average – Here’s Why

Schroder Income Growth (LON:SCF)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 358.08 and traded as low as GBX 357.80. Schroder Income Growth shares last traded at GBX 362, with a volume of 134,910 shares.

Schroder Income Growth Trading Up 0.8%

The company has a market cap of £239.87 million, a price-to-earnings ratio of 4.58 and a beta of 1.08. The company’s fifty day moving average price is GBX 358.08 and its two-hundred day moving average price is GBX 353.20. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 9.70.

Schroder Income Growth (LON:SCF) last announced its earnings results on Wednesday, May 13th. The company reported GBX 3.97 EPS for the quarter. The business had revenue of GBX 338 million for the quarter. Schroder Income Growth had a return on equity of 21.54% and a net margin of 94.75%.

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.