Schroder Oriental Income (LON:SOI) Shares Pass Below 50-Day Moving Average – Here’s Why

Schroder Oriental Income (LON:SOI) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 275.68 ($3.45) and traded as low as GBX 274.50 ($3.43). Schroder Oriental Income shares last traded at GBX 274.50 ($3.43), with a volume of 605,051 shares.

Schroder Oriental Income Price Performance

The stock has a market capitalization of £673.96 million, a P/E ratio of 5,521.08 and a beta of 0.67. The firm has a fifty day moving average price of GBX 275.68 and a two-hundred day moving average price of GBX 273.29. The company has a quick ratio of 0.41, a current ratio of 0.35 and a debt-to-equity ratio of 6.09.

Schroder Oriental Income Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, January 29th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date is Wednesday, January 29th. This represents a yield of 0.71%. Schroder Oriental Income’s dividend payout ratio (DPR) is presently 24,000.00%.

Insider Activity

In related news, insider Nick Winsor bought 20,000 shares of the stock in a transaction on Monday, January 13th. The shares were acquired at an average price of GBX 278 ($3.48) per share, for a total transaction of £55,600 ($69,508.69). Corporate insiders own 0.02% of the company’s stock.

Schroder Oriental Income Company Profile

Asian companies are increasingly world-leading and returning cash to shareholders. The Schroder Oriental Income Fund aims to tap into the Asian income story and help investors diversify their dividends.