Schroder UK Mid Cap (LON:SCP) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Schroder UK Mid Cap (LON:SCP) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 717.51 and traded as low as GBX 702. Schroder UK Mid Cap shares last traded at GBX 712, with a volume of 15,776 shares changing hands.

Schroder UK Mid Cap Price Performance

The stock has a market capitalization of £236.37 million, a price-to-earnings ratio of 9.73 and a beta of 1.51. The business has a fifty day moving average of GBX 717.28 and a 200 day moving average of GBX 717.51. The company has a debt-to-equity ratio of 6.57, a current ratio of 14.21 and a quick ratio of 0.22.

Insiders Place Their Bets

In other news, insider Harry Morley purchased 7,100 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of GBX 710 per share, for a total transaction of £50,410. Also, insider Richard Curling purchased 7,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of GBX 732 per share, for a total transaction of £51,240. 0.48% of the stock is owned by corporate 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.