Scottish Mortgage (LON:SMT) Hits New 1-Year High – Here’s What Happened

Scottish Mortgage (LON:SMT) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 953.80 ($12.11) and last traded at GBX 953.60 ($12.11), with a volume of 1628276 shares. The stock had previously closed at GBX 942.80 ($11.98).

Scottish Mortgage Price Performance

The firm has a fifty day moving average of GBX 876.61 and a two-hundred day moving average of GBX 869.60. The company has a current ratio of 0.16, a quick ratio of 0.53 and a debt-to-equity ratio of 15.37. The company has a market capitalization of £13.17 billion, a PE ratio of -1,821.15 and a beta of 0.75.

Scottish Mortgage Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be 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 is Thursday, November 21st. Scottish Mortgage’s dividend payout ratio (DPR) is presently -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.