Schroder Income Growth (LON:SCF) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of Schroder Income Growth (LON:SCF) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 286.11 ($3.70) 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 traded.

Schroder Income Growth Price Performance

The stock’s 50-day moving average price is GBX 286.51 and its 200 day moving average price is GBX 286.17. The firm has a market cap of £205.41 million, a P/E ratio of 5.51 and a beta of 0.89.

Insiders Place Their Bets

In other news, insider Fraser McIntyre purchased 3,543 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of GBX 281 ($3.63) per share, with a total value of £9,955.83 ($12,877.80). Insiders own 2.62% of the company’s stock.

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.