Scottish Mortgage (LON:SMT) Hits New 52-Week High - Time to Buy?

Scottish Mortgage (LON:SMT - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 988.11 ($12.36) and last traded at GBX 985.40 ($12.33), with a volume of 2694673 shares. The stock had previously closed at GBX 971.40 ($12.15).

Scottish Mortgage Stock Performance

The firm's 50 day simple moving average is GBX 930.42 and its 200-day simple moving average is GBX 880.86. The company has a market capitalization of £13.70 billion, a price-to-earnings ratio of -1,909.23 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 declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were given a dividend of GBX 1.60 ($0.02) per share. This represents a yield of 0.18%. The ex-dividend date of this dividend was Thursday, November 21st. Scottish Mortgage's payout ratio is -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.