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

Schroder Income Growth (LON:SCFGet Free Report)’s share price crossed 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 changing hands.

Schroder Income Growth Stock Performance

The stock’s 50 day simple moving average is GBX 358.08 and its two-hundred day simple moving average is GBX 353.20. The company has a market capitalization of £239.87 million, a P/E ratio of 4.58 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.

Schroder Income Growth (LON:SCFGet Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported GBX 3.97 earnings per share (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%.

About Schroder Income Growth

(Get Free Report)

– 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.

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