Scottish Mortgage (LON:SMT) Share Price Passes Above 50 Day Moving Average of $826.80

Shares of Scottish Mortgage (LON:SMTGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 826.80 ($10.29) and traded as high as GBX 834.40 ($10.39). Scottish Mortgage shares last traded at GBX 827.40 ($10.30), with a volume of 1,835,076 shares trading hands.

Scottish Mortgage Stock Down 1.7 %

The firm’s 50 day simple moving average is GBX 827.83 and its 200-day simple moving average is GBX 764.70. 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 stock has a market capitalization of £11.26 billion, a price-to-earnings ratio of -1,528.30 and a beta of 0.73.

About Scottish Mortgage

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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.

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