Scottish Mortgage (LON:SMT) Shares Pass Above 50-Day Moving Average of $834.93

Shares of Scottish Mortgage (LON:SMT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 834.93 ($11.18) and traded as high as GBX 847.80 ($11.35). Scottish Mortgage shares last traded at GBX 831.80 ($11.14), with a volume of 2,532,686 shares changing hands.

Scottish Mortgage Price Performance

The firm has a 50-day simple moving average of GBX 833.94 and a 200-day simple moving average of GBX 857.58. The firm has a market capitalization of £11.64 billion, a PE ratio of -1,621.92 and a beta of 0.75. The company has a debt-to-equity ratio of 15.37, a current ratio of 0.16 and a quick ratio of 0.53.

Insider Activity at Scottish Mortgage

In other Scottish Mortgage news, insider Sharon Flood purchased 2,418 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were acquired at an average cost of GBX 827 ($11.07) per share, for a total transaction of £19,996.86 ($26,776.73). 3.25% of the stock is currently owned by company insiders.

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.