Scottish Mortgage (LON:SMT) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Scottish Mortgage (LON:SMT)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 925.76 ($11.46) and traded as high as GBX 956 ($11.83). Scottish Mortgage shares last traded at GBX 955 ($11.82), with a volume of 1,161,642 shares trading hands.

Scottish Mortgage Stock Up 1.0 %

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 firm has a market cap of £13.41 billion, a P/E ratio of -1,868.08 and a beta of 0.75. The stock’s fifty day moving average is GBX 928.07 and its two-hundred day moving average is GBX 880.62.

Scottish Mortgage Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were issued 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 payout ratio is currently -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.