Schroder Income Growth (LON:SCF) Shares Pass Above Fifty Day Moving Average – What’s Next?

Schroder Income Growth (LON:SCF)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 363.86 and traded as high as GBX 373. Schroder Income Growth shares last traded at GBX 373, with a volume of 31,629 shares traded.

Schroder Income Growth Stock Performance

The firm has a market capitalization of £244.21 million, a PE ratio of 4.68 and a beta of 1.08. The company has a debt-to-equity ratio of 9.70, a current ratio of 0.34 and a quick ratio of 0.17. The firm has a fifty day moving average price of GBX 364.18 and a 200 day moving average price of GBX 356.11.

Insider Transactions at Schroder Income Growth

In related news, insider Fraser McIntyre acquired 78 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average price of GBX 376 per share, for a total transaction of £293.28. Insiders own 0.48% of the company’s stock.

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.