Scottish Mortgage (LON:SMT) Hits New 1-Year High – Time to Buy?

Scottish Mortgage (LON:SMT)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 946.40 ($12.00) and last traded at GBX 940.80 ($11.93), with a volume of 37821254 shares traded. The stock had previously closed at GBX 929.20 ($11.78).

Scottish Mortgage Price Performance

The company has a market cap of £13.04 billion, a price-to-earnings ratio of -1,809.42 and a beta of 0.75. The company has a fifty day moving average price of GBX 868.41 and a two-hundred day moving average price of GBX 867.75. 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. Stockholders of record on Thursday, November 21st will be issued 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 is Thursday, November 21st. Scottish Mortgage’s payout ratio is presently -769.23%.

Insider Transactions at Scottish Mortgage

In related news, insider Sharon Flood bought 2,418 shares of the business’s stock in a transaction that occurred on Monday, September 2nd. The stock was acquired at an average price of GBX 827 ($10.48) per share, for a total transaction of £19,996.86 ($25,350.99). 3.25% of the stock is owned by insiders.

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.