Schroder Income Growth (LON:SCF) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Schroder Income Growth (LON:SCF) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 357.10 and traded as low as GBX 353. Schroder Income Growth shares last traded at GBX 358, with a volume of 94,957 shares changing hands.

Schroder Income Growth Price Performance

The stock has a market capitalization of £236.58 million, a P/E ratio of 4.51 and a beta of 1.08. The company has a 50 day moving average of GBX 357.10 and a 200-day moving average of GBX 352.82. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 9.70.

Schroder Income Growth (LON:SCF) last released its earnings results on Wednesday, May 13th. The company reported GBX 3.97 earnings per share for the quarter. The firm had revenue of GBX 338 million during the quarter. Schroder Income Growth had a net margin of 94.75% and a return on equity of 21.54%.

About Schroder Income Growth

– 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.