Scottish Mortgage (LON:SMT) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Scottish Mortgage (LON:SMT) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,251.78 and traded as high as GBX 1,420. Scottish Mortgage shares last traded at GBX 1,411.50, with a volume of 3,513,902 shares trading hands.

Scottish Mortgage Price Performance

The company has a market cap of £15.22 billion, a PE ratio of 4.59 and a beta of 1.13. The firm has a 50 day simple moving average of GBX 1,251.78 and a 200-day simple moving average of GBX 1,186.89.

About Scottish Mortgage

Scottish Mortgage is a portfolio of what we believe are the world’s most exciting growth companies. We believe that a few exceptional companies will make a positive impact on shareholders’ returns and society as a whole. Explore our website and you’ll discover what we mean by investing in progress, how we find and support the companies shaping the future, and how you can be a part of it.