Schroder UK Mid Cap (LON:SCP) Reaches New 52-Week High - What's Next?

Key Points

• Schroder UK Mid Cap's stock reached a new 52-week high of GBX 702 ($9.43) during trading, up from a previous close of GBX 692 ($9.29), indicating a positive trend in market performance.
• The company reported earnings of GBX 8.66 per share for the last quarter, with a remarkable net margin of 90.71% and return on equity of 15.45%.
• Insider Richard Curling purchased 5,000 shares at GBX 690 each, suggesting confidence in the company's future with current insider ownership at only 0.40% of the total stock.

Schroder UK Mid Cap (LON:SCP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 702 ($9.43) and last traded at GBX 702 ($9.43), with a volume of 17661 shares traded. The stock had previously closed at GBX 692 ($9.29).

Schroder UK Mid Cap Price Performance

The company has a market capitalization of £241.82 million, a PE ratio of -4,429.02 and a beta of 1.27. The stock's 50 day simple moving average is GBX 685.59 and its 200-day simple moving average is GBX 643.99.

Schroder UK Mid Cap (LON:SCP - Get Free Report) last issued its quarterly earnings results on Monday, June 30th. The company reported GBX 8.66 earnings per share (EPS) for the quarter. Schroder UK Mid Cap had a net margin of 90.71% and a return on equity of 15.45%.

Insider Transactions at Schroder UK Mid Cap

In other Schroder UK Mid Cap news, insider Richard Curling purchased 5,000 shares of the business's stock in a transaction on Wednesday, September 24th. The shares were bought at an average cost of GBX 690 per share, for a total transaction of £34,500. 0.40% of the stock is owned by company insiders.

About Schroder UK Mid Cap

- Aims to provide a total return in excess of the FTSE 250 (ex-Investment Companies) Index and an attractive level of yield, which can contribute a degree of stability to the fund's total return - The potential for dividend growth through rising dividend payments from stocks held in the portfolio - Invests in dynamic mid cap companies that have the potential to grow to be included in the FTSE 100 index, which are at an interesting point in their life cycle, and/or which could ultimately prove to be attractive takeover targets - Managed by an award-winning fund manager backed by a team with extensive experience and expertise.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.