Scottish Mortgage (LON:SMT) Hits New 1-Year High – Time to Buy?

Scottish Mortgage (LON:SMT) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 946.40 ($12.00) and last traded at GBX 940.80 ($11.93), with a volume of 37821254 shares trading hands. The stock had previously closed at GBX 929.20 ($11.78).

Scottish Mortgage Trading Down 0.3 %

The company has a market cap of £13.04 billion, a P/E ratio of -1,809.42 and a beta of 0.75. The company has a quick ratio of 0.53, a current ratio of 0.16 and a debt-to-equity ratio of 15.37. The business has a 50-day moving average price of GBX 868.41 and a two-hundred day moving average price of GBX 867.75.

Scottish Mortgage Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be given 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 payout ratio is currently -769.23%.

Insider Transactions at Scottish Mortgage

In other news, insider Sharon Flood bought 2,418 shares of the company’s stock in a transaction dated Monday, September 2nd. The stock was bought at an average price of GBX 827 ($10.48) per share, for a total transaction of £19,996.86 ($25,350.99). 3.25% of the stock is currently owned by corporate insiders.

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.