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

Shares of Scottish Mortgage (LON:SMT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 988.11 ($12.33) and last traded at GBX 985.40 ($12.29), with a volume of 2694673 shares trading hands. The stock had previously closed at GBX 971.40 ($12.12).

Scottish Mortgage Price Performance

The business’s 50-day simple moving average is GBX 935.72 and its 200-day simple moving average is GBX 882.36. The stock has a market cap of £13.62 billion, a PE ratio of -1,897.55 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.

Scottish Mortgage Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were paid a dividend of GBX 1.60 ($0.02) per share. This represents a dividend 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.