Scottish Mortgage (LON:SMT) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Scottish Mortgage (LON:SMT) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 914.40 ($11.47) and traded as high as GBX 955 ($11.98). Scottish Mortgage shares last traded at GBX 953.60 ($11.96), with a volume of 1,400,417 shares traded.

Scottish Mortgage Stock Performance

The company has a fifty day moving average price of GBX 916.21 and a two-hundred day moving average price of GBX 877.63. The firm has a market cap of £13.16 billion, a price-to-earnings ratio of -1,833.85 and a beta of 0.75. 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 declared a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were issued a GBX 1.60 ($0.02) dividend. This represents a yield of 0.18%. The ex-dividend date of this dividend was Thursday, November 21st. Scottish Mortgage’s payout ratio 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.