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

Schroder Oriental Income (LON:SOI) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 277.31 ($3.59) and traded as low as GBX 269 ($3.48). Schroder Oriental Income shares last traded at GBX 271 ($3.51), with a volume of 259,860 shares trading hands.

Schroder Oriental Income Stock Performance

The stock has a market capitalization of £630.14 million, a P/E ratio of 5.94 and a beta of 0.67. The stock has a 50-day simple moving average of GBX 277.31 and a 200 day simple moving average of GBX 273.96.

Schroder Oriental Income Cuts Dividend

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

Insider Transactions at Schroder Oriental Income

In other Schroder Oriental Income news, insider Nick Winsor bought 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average price of GBX 278 ($3.60) per share, for a total transaction of £55,600 ($71,918.25). Corporate 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.