STS Global Income & Growth Trust (LON:STS) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• STS Global Income & Growth Trust's share price has fallen below its 200-day moving average of GBX 241.18, trading at GBX 238 ($3.21).
• The company has a debt-to-equity ratio of 5.00, indicating a high level of debt relative to equity, and a market cap of £279.27 million.
• Insider Bridget Guerin purchased 4,002 shares at an average cost of GBX 248, demonstrating potential confidence in the stock despite its recent decline.

STS Global Income & Growth Trust (LON:STS - )'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 241.18 ($3.25) and traded as low as GBX 238 ($3.21). STS Global Income & Growth Trust shares last traded at GBX 238 ($3.21), with a volume of 96,529 shares trading hands.

STS Global Income & Growth Trust Stock Performance

The firm's 50 day moving average price is GBX 245.03 and its two-hundred day moving average price is GBX 241.18. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.40 and a current ratio of 0.15. The firm has a market cap of £279.27 million, a PE ratio of 1,016.23 and a beta of 0.42.

Insider Activity at STS Global Income & Growth Trust

In related news, insider Bridget Guerin acquired 4,002 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of GBX 248 per share, for a total transaction of £9,924.96. Corporate insiders own 0.53% of the company's stock.

About STS Global Income & Growth Trust

Securities Trust of Scotland plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

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