Schroder Income Growth (LON:SCF) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Schroder Income Growth (LON:SCF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 281.29 ($3.49) and traded as low as GBX 275 ($3.42). Schroder Income Growth shares last traded at GBX 275 ($3.42), with a volume of 86,731 shares changing hands.

Schroder Income Growth Stock Down 1.8 %

The firm has a 50-day simple moving average of GBX 281.29 and a 200 day simple moving average of GBX 287.33. The company has a market capitalization of £191.02 million, a PE ratio of 1,195.65 and a beta of 0.89. The company has a debt-to-equity ratio of 13.93, a current ratio of 0.12 and a quick ratio of 0.17.

Schroder Income Growth Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 24th will be given a dividend of GBX 3.25 ($0.04) per share. This represents a yield of 1.14%. The ex-dividend date is Tuesday, December 24th. Schroder Income Growth’s dividend payout ratio (DPR) is presently 6,086.96%.

Insider Activity

In other Schroder Income Growth news, insider Fraser McIntyre bought 3,543 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 281 ($3.49) per share, with a total value of £9,955.83 ($12,367.49). Insiders own 2.62% of the company’s stock.

Schroder Income Growth Company Profile

Schroder Income Growth Fund plc is an open ended equity mutual fund launched and managed by Schroder Investment Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All Share Total Return Index.