Schroder Income Growth (LON:SCF) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Schroder Income Growth's share price crossed below its 50-day moving average, with the 50-day MA at GBX 355.18, an intraday low of GBX 351.02 and a last trade at GBX 355 on volume of 256,194 shares.
• The fund targets UK dividend-growth stocks and has raised its dividend for 24 consecutive years; it is managed by Sue Noffke and has a market cap of £238.99 million with a P/E of 11.97.

Schroder Income Growth (LON:SCF - )'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 355.18 and traded as low as GBX 351.02. Schroder Income Growth shares last traded at GBX 355, with a volume of 256,194 shares traded.

Schroder Income Growth Stock Performance

The company has a quick ratio of 0.17, a current ratio of 0.12 and a debt-to-equity ratio of 11.01. The stock has a fifty day moving average price of GBX 355.18 and a 200-day moving average price of GBX 337.26. The firm has a market cap of £238.99 million, a price-to-earnings ratio of 11.97 and a beta of 1.07.

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.

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