Schroder Oriental Income (LON:SOI) Shares Pass Below 50-Day Moving Average – Should You Sell?

Schroder Oriental Income (LON:SOI)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 274.98 ($3.60) and traded as low as GBX 260.96 ($3.42). Schroder Oriental Income shares last traded at GBX 261.50 ($3.43), with a volume of 573,571 shares changing hands.

Schroder Oriental Income Trading Down 0.5 %

The firm has a market capitalization of £605.08 million, a price-to-earnings ratio of 5.70 and a beta of 0.67. The stock’s fifty day moving average price is GBX 274.98 and its two-hundred day moving average price is GBX 274.27.

Schroder Oriental Income Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, January 29th will be issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.71%. The ex-dividend date is Wednesday, January 29th. Schroder Oriental Income’s dividend payout ratio (DPR) is 26.28%.

Insider Activity

In related news, insider Nick Winsor bought 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of GBX 278 ($3.64) per share, for a total transaction of £55,600 ($72,851.15). Company insiders own 0.02% of the company’s stock.

About Schroder Oriental Income

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.