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

Scottish Mortgage (LON:SMT) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 988.11 ($12.28) and last traded at GBX 985.40 ($12.25), with a volume of 2694673 shares traded. The stock had previously closed at GBX 971.40 ($12.07).

Scottish Mortgage Stock Performance

The stock has a 50-day moving average of GBX 930.42 and a 200 day moving average of GBX 880.86. The firm has a market capitalization of £13.60 billion, a P/E ratio of -1,894.83 and a beta of 0.75. The company has a debt-to-equity ratio of 15.37, a quick ratio of 0.53 and a current ratio of 0.16.

Scottish Mortgage Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were paid a GBX 1.60 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 0.18%. 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.