Scottish American Investment (LON:SAIN) Trading Up 0.6% – Time to Buy?

Shares of The Scottish American Investment Company P.L.C. (LON:SAIN) rose 0.6% during mid-day trading on Friday . The stock traded as high as GBX 512 ($6.65) and last traded at GBX 512 ($6.65). Approximately 398,152 shares were traded during trading, an increase of 53% from the average daily volume of 261,059 shares. The stock had previously closed at GBX 509 ($6.61).

Scottish American Investment Stock Performance

The firm has a market cap of £913.00 million, a PE ratio of 1,024.00 and a beta of 0.65. The stock has a 50-day moving average price of GBX 509.28 and a 200 day moving average price of GBX 509.71. The company has a debt-to-equity ratio of 9.75, a current ratio of 4.03 and a quick ratio of 3.87.

Scottish American Investment Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, August 8th were issued a GBX 3.55 ($0.05) dividend. This is a boost from Scottish American Investment’s previous dividend of $3.45. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 0.68%. Scottish American Investment’s payout ratio is 2,800.00%.

About Scottish American Investment

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.