Scottish Mortgage (LON:SMT) Shares Pass Above 50-Day Moving Average – Here’s Why

Scottish Mortgage (LON:SMT)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 925.76 ($11.46) and traded as high as GBX 956 ($11.83). Scottish Mortgage shares last traded at GBX 955 ($11.82), with a volume of 1,161,642 shares changing hands.

Scottish Mortgage Trading Up 1.0 %

The company has a market capitalization of £13.41 billion, a P/E ratio of -1,868.08 and a beta of 0.75. The firm’s 50-day moving average price is GBX 928.07 and its 200 day moving average price is GBX 880.62. The company has a quick ratio of 0.53, a current ratio of 0.16 and a debt-to-equity ratio of 15.37.

Scottish Mortgage Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were paid a GBX 1.60 ($0.02) dividend. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 0.18%. Scottish Mortgage’s payout ratio is presently -769.23%.

About Scottish Mortgage

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.