Scottish Mortgage (LON:SMT) Shares Cross Above 50 Day Moving Average of $868.94
Scottish Mortgage (LON:SMT – Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 868.94 ($11.10) and traded as high as GBX 890.40 ($11.37). Scottish Mortgage shares last traded at GBX 878 ($11.21), with a volume of 1,731,854 shares changing hands.
Scottish Mortgage Stock Performance
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 stock has a market cap of £12.12 billion, a P/E ratio of -1,688.46 and a beta of 0.75. The stock’s 50 day simple moving average is GBX 868.94 and its two-hundred day simple moving average is GBX 805.41.
Scottish Mortgage Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a GBX 2.64 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from Scottish Mortgage’s previous dividend of $1.60. This represents a dividend yield of 0.3%. Scottish Mortgage’s dividend payout ratio (DPR) is -769.23%.
Scottish Mortgage Company Profile
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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