Scottish Mortgage (LON:SMT) Reaches New 1-Year High – Here’s Why

Scottish Mortgage (LON:SMTGet Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 1,142.51 ($14.48) and last traded at GBX 1,128.72 ($14.30), with a volume of 2607171 shares traded. The stock had previously closed at GBX 1,132 ($14.34).

Scottish Mortgage Stock Performance

The business has a 50-day simple moving average of GBX 1,024.67 and a two-hundred day simple moving average of GBX 920.96. The company has a market capitalization of £13.62 billion, a price-to-earnings ratio of 11.43 and a beta of 0.75.

About Scottish Mortgage

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Scottish Mortgage is a portfolio of what we believe are the world’s most exciting growth companies. We believe that a few exceptional companies will make a positive impact on shareholders’ returns and society as a whole. Explore our website and you’ll discover what we mean by investing in progress, how we find and support the companies shaping the future, and how you can be a part of it.

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