Scottish Mortgage (LON:SMT) Shares Pass Below 50-Day Moving Average – Here’s Why

Scottish Mortgage (LON:SMT)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,450.88 and traded as low as GBX 1,380. Scottish Mortgage shares last traded at GBX 1,411, with a volume of 129,697,328 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Scottish Mortgage in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Scottish Mortgage has a consensus rating of “Buy”.

Scottish Mortgage Price Performance

The company has a quick ratio of 0.53, a current ratio of 0.31 and a debt-to-equity ratio of 11.62. The company has a market cap of £15.79 billion, a PE ratio of 5.13 and a beta of 1.15. The stock has a 50-day simple moving average of GBX 1,450.88 and a 200 day simple moving average of GBX 1,296.35.

Scottish Mortgage (LON:SMT) last released its quarterly earnings results on Wednesday, May 27th. The company reported GBX 2.28 earnings per share for the quarter. The business had revenue of GBX 3,311 million during the quarter. Scottish Mortgage had a return on equity of 22.34% and a net margin of 97.38%.

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.