Schroder UK Mid Cap (LON:SCP) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Schroder UK Mid Cap (LON:SCP) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 716.65 and traded as low as GBX 699.36. Schroder UK Mid Cap shares last traded at GBX 714, with a volume of 28,586 shares traded.

Schroder UK Mid Cap Price Performance

The stock has a market cap of £235.70 million, a P/E ratio of 6.79 and a beta of 1.51. The company has a debt-to-equity ratio of 7.54, a quick ratio of 0.22 and a current ratio of 0.42. The business has a 50 day simple moving average of GBX 716.65 and a 200-day simple moving average of GBX 720.95.

Schroder UK Mid Cap (LON:SCP) last announced its earnings results on Monday, June 29th. The company reported GBX 11.84 earnings per share (EPS) for the quarter. Schroder UK Mid Cap had a return on equity of 14.71% and a net margin of 91.54%.

Insider Transactions at Schroder UK Mid Cap

In related news, insider Harry Morley acquired 7,100 shares of the stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of GBX 710 per share, with a total value of £50,410. Also, insider Richard Curling bought 7,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of GBX 732 per share, for a total transaction of £51,240. Company insiders own 0.48% of the company’s stock.

Schroder UK Mid Cap Company Profile

– Aims to provide a total return in excess of the FTSE 250 (ex-Investment Companies) Index and an attractive level of yield, which can contribute a degree of stability to the fund’s total return
– The potential for dividend growth through rising dividend payments from stocks held in the portfolio
– Invests in dynamic mid cap companies that have the potential to grow to be included in the FTSE 100 index, which are at an interesting point in their life cycle, and/or which could ultimately prove to be attractive takeover targets
– Managed by an award-winning fund manager backed by a team with extensive experience and expertise.