Scottish Mortgage (LON:SMT) Hits New 12-Month High – Here’s Why

Scottish Mortgage (LON:SMT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 946.40 ($11.92) and last traded at GBX 940.80 ($11.85), with a volume of 37821254 shares traded. The stock had previously closed at GBX 929.20 ($11.70).

Scottish Mortgage Trading Up 0.6 %

The stock has a market cap of £12.90 billion, a P/E ratio of -1,798.08 and a beta of 0.75. The business’s 50 day simple moving average is GBX 862.40 and its 200 day simple moving average is GBX 866.31. The company has a debt-to-equity ratio of 15.37, a current ratio of 0.16 and a quick ratio of 0.53.

Scottish Mortgage Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be issued a GBX 1.60 ($0.02) dividend. This represents a dividend yield of 0.18%. The ex-dividend date of this dividend is Thursday, November 21st. Scottish Mortgage’s payout ratio is currently -769.23%.

Insider Transactions at Scottish Mortgage

In other news, insider Sharon Flood acquired 2,418 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of GBX 827 ($10.41) per share, for a total transaction of £19,996.86 ($25,181.79). Company insiders own 3.25% of the company’s stock.

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.