Schroder Income Growth (LON:SCF) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Schroder Income Growth (LON:SCF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 286.11 ($3.71) and traded as high as GBX 295 ($3.82). Schroder Income Growth shares last traded at GBX 291.18 ($3.77), with a volume of 47,532 shares changing hands.

Schroder Income Growth Trading Down 0.5 %

The company has a market cap of £202.76 million, a P/E ratio of 5.44 and a beta of 0.89. The company has a 50 day moving average price of GBX 286.11 and a 200-day moving average price of GBX 286.11.

Insider Activity at Schroder Income Growth

In related news, insider Fraser McIntyre acquired 3,543 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of GBX 281 ($3.64) per share, for a total transaction of £9,955.83 ($12,896.15). 2.62% of the stock is currently owned by insiders.

Schroder Income Growth Company Profile

– 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.