Scottish Mortgage (LON:SMT) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Scottish Mortgage (LON:SMT) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 914.40 ($11.46) and traded as high as GBX 955 ($11.97). Scottish Mortgage shares last traded at GBX 953.60 ($11.95), with a volume of 1,400,417 shares.

Scottish Mortgage Stock Up 0.7 %

The stock has a market capitalization of £13.16 billion, a price-to-earnings ratio of -1,833.85 and a beta of 0.75. The business has a 50-day moving average of GBX 914.40 and a 200-day moving average of GBX 877.27. The company has a debt-to-equity ratio of 15.37, a quick ratio of 0.53 and a current ratio of 0.16.

Scottish Mortgage Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were given a dividend of GBX 1.60 ($0.02) per share. This represents a dividend yield of 0.18%. The ex-dividend date was Thursday, November 21st. Scottish Mortgage’s dividend 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.