Schroder Income Growth (LON:SCF) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Schroder Income Growth (LON:SCF) shares 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 trading hands.

Schroder Income Growth Price Performance

The company has a current ratio of 0.12, a quick ratio of 0.17 and a debt-to-equity ratio of 13.93. The company’s fifty day moving average is GBX 281.29 and its two-hundred day moving average is GBX 287.33. The stock has a market cap of £191.02 million, a price-to-earnings ratio of 1,195.65 and a beta of 0.89.

Schroder Income Growth Cuts Dividend

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

Insider Buying and Selling at Schroder Income Growth

In other news, insider Fraser McIntyre acquired 3,543 shares of the company’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). 2.62% of the stock is currently owned by corporate insiders.

About Schroder Income Growth

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.