Schroder Oriental Income (LON:SOI) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Schroder Oriental Income (LON:SOI) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 274.98 ($3.55) and traded as low as GBX 260.96 ($3.37). Schroder Oriental Income shares last traded at GBX 261.50 ($3.37), with a volume of 573,571 shares.

Schroder Oriental Income Stock Down 3.3 %

The company has a market cap of £588.28 million, a P/E ratio of 5.54 and a beta of 0.67. The company has a fifty day moving average of GBX 274.42 and a 200 day moving average of GBX 274.17.

Schroder Oriental Income Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 4th. Shareholders of record on Wednesday, January 29th were issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a yield of 0.71%. Schroder Oriental Income’s dividend payout ratio is currently 26.28%.

Insiders Place Their Bets

In related news, insider Nick Winsor purchased 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of GBX 278 ($3.59) per share, with a total value of £55,600 ($71,723.43). Insiders own 0.02% of the company’s stock.

Schroder Oriental Income Company Profile

Asian companies are increasingly world-leading and returning cash to shareholders. The Schroder Oriental Income Fund aims to tap into the Asian income story and help investors diversify their dividends.