Scottish Mortgage (LON:SMT - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 857.36 ($10.79) and traded as high as GBX 922.40 ($11.61). Scottish Mortgage shares last traded at GBX 908.40 ($11.44), with a volume of 1,824,802 shares traded.
Scottish Mortgage Price Performance
The stock's fifty day moving average price is GBX 857.36 and its 200-day moving average price is GBX 864.96. The company has a debt-to-equity ratio of 15.37, a current ratio of 0.16 and a quick ratio of 0.53. The firm has a market cap of £12.73 billion, a price-to-earnings ratio of -1,773.85 and a beta of 0.75.
Scottish Mortgage Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 1.60 ($0.02) per share. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 0.18%. Scottish Mortgage's dividend payout ratio is currently -769.23%.
Insider Activity
In other Scottish Mortgage news, insider Sharon Flood bought 2,418 shares of the firm's stock in a transaction on Monday, September 2nd. The stock was bought at an average cost of GBX 827 ($10.41) per share, with a total value of £19,996.86 ($25,175.45). 3.25% of the stock is owned by company insiders.
Scottish Mortgage Company Profile
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Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co It invests in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.
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