Schroder UK Mid Cap (LON:SCP) Stock Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Schroder UK Mid Cap's stock price has surpassed its 50 day moving average, indicating potential upward momentum in trading.
• Insider Richard Curling purchased 5,000 shares at an average price of GBX 690, suggesting confidence in the company's prospects.
• The fund aims to achieve a total return exceeding the FTSE 250 Index while investing in dynamic mid-cap companies likely to grow significantly.

Schroder UK Mid Cap (LON:SCP - )'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 689.55 ($9.26) and traded as high as GBX 694 ($9.32). Schroder UK Mid Cap shares last traded at GBX 690 ($9.26), with a volume of 35,625 shares trading hands.

Schroder UK Mid Cap Stock Performance

The firm has a market cap of £236.75 million, a P/E ratio of -4,353.31 and a beta of 1.27. The company's 50 day moving average is GBX 689.55 and its 200 day moving average is GBX 653.86.

Insider Buying and Selling

In related news, insider Richard Curling acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The stock was acquired at an average price of GBX 690 per share, with a total value of £34,500. 0.40% of the stock is currently owned by insiders.

Schroder UK Mid Cap Company Profile

- 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.

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