Scottish Mortgage Investment Trust (LON:SMT) Stock Passes Above Fifty Day Moving Average of $644.37

Scottish Mortgage Investment Trust PLC (LON:SMT – Get Rating)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 644.37 ($8.01) and traded as high as GBX 663 ($8.25). Scottish Mortgage Investment Trust shares last traded at GBX 644.80 ($8.02), with a volume of 2,585,132 shares.

Scottish Mortgage Investment Trust Price Performance

The company has a 50 day simple moving average of GBX 644.37 and a 200-day simple moving average of GBX 711.49. The stock has a market cap of £9.27 billion, a price-to-earnings ratio of -118.10 and a beta of 0.70. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 18.15.

Scottish Mortgage Investment Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 4th. Investors of record on Thursday, June 1st will be issued a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date is Thursday, June 1st. This represents a yield of 0.4%. This is a boost from Scottish Mortgage Investment Trust’s previous dividend of $1.60. Scottish Mortgage Investment Trust’s dividend payout ratio (DPR) is presently -73.26%.

Scottish Mortgage Investment Trust Company Profile

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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.