STS Global Income & Growth Trust (LON:STS) Stock Passes Above Fifty Day Moving Average – Here’s Why

STS Global Income & Growth Trust (LON:STS) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 224.65 and traded as high as GBX 233. STS Global Income & Growth Trust shares last traded at GBX 226, with a volume of 103,761 shares trading hands.

STS Global Income & Growth Trust Stock Performance

The firm has a market capitalization of £254.95 million, a PE ratio of 11.40 and a beta of 0.54. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.30 and a quick ratio of 0.40. The firm has a fifty day moving average price of GBX 224.65 and a 200 day moving average price of GBX 232.71.

STS Global Income & Growth Trust (LON:STS) last announced its earnings results on Tuesday, May 19th. The company reported GBX 6.49 EPS for the quarter. STS Global Income & Growth Trust had a negative return on equity of 4.38% and a net margin of 142.51%.The business had revenue of GBX 979 million during the quarter.

Insider Activity at STS Global Income & Growth Trust

In other news, insider Bridget Guerin sold 8,795 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of GBX 221, for a total transaction of £19,436.95. 0.55% of the stock is currently owned by corporate insiders.

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. The fund invests in stocks of large-cap companies with market capitalizations over £1 billion. It benchmarks the performance of its portfolio against the MSCI World High Dividend Yield Index.