Scottish Mortgage (LON:SMT) Hits New 52-Week High – Still a Buy?

Scottish Mortgage (LON:SMT) shares reached a new 52-week high during 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 trading hands. The stock had previously closed at GBX 929.20 ($11.70).

Scottish Mortgage Stock Performance

The stock’s 50 day moving average is GBX 862.40 and its two-hundred day moving average is GBX 866.31. The stock has a market capitalization of £12.90 billion, a price-to-earnings ratio of -1,798.08 and a beta of 0.75. The company has a current ratio of 0.16, a quick ratio of 0.53 and a debt-to-equity ratio of 15.37.

Scottish Mortgage Cuts Dividend

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

Insider Buying and Selling at Scottish Mortgage

In related news, insider Sharon Flood bought 2,418 shares of the company’s stock in a transaction that occurred on Monday, September 2nd. The shares were acquired at an average price 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.

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.