STS Global Income & Growth Trust (LON:STS) Share Price Passes Above 50 Day Moving Average – Here’s Why

STS Global Income & Growth Trust (LON:STS) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 236.45 ($3.15) and traded as high as GBX 246 ($3.27). STS Global Income & Growth Trust shares last traded at GBX 240 ($3.19), with a volume of 96,502 shares traded.

STS Global Income & Growth Trust Stock Performance

The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.40 and a current ratio of 0.15. The firm’s 50 day simple moving average is GBX 236.45 and its 200 day simple moving average is GBX 236.67. The firm has a market capitalization of £298.77 million, a price-to-earnings ratio of 16.27 and a beta of 0.42.

STS Global Income & Growth Trust Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 3rd were issued a dividend of GBX 1.59 ($0.02) per share. The ex-dividend date was Thursday, April 3rd. This represents a dividend yield of 0.67%. STS Global Income & Growth Trust’s dividend payout ratio (DPR) is presently 46.69%.

Insider Activity at STS Global Income & Growth Trust

In related news, insider Sarah Harvey bought 1,604 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of GBX 246 ($3.27) per share, with a total value of £3,945.84 ($5,251.32). 26.93% of the stock is currently owned by insiders.

About STS Global Income & Growth Trust

Securities Trust of Scotland plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.