Scottish Mortgage (LON:SMT) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Scottish Mortgage (LON:SMTGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,336.94 and traded as low as GBX 1,298. Scottish Mortgage shares last traded at GBX 1,315, with a volume of 1,753,450 shares trading hands.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on SMT

Scottish Mortgage Stock Up 1.2%

The company has a 50 day moving average price of GBX 1,436.85 and a two-hundred day moving average price of GBX 1,336.89. The company has a debt-to-equity ratio of 11.62, a current ratio of 0.31 and a quick ratio of 0.53. The stock has a market cap of £14.59 billion, a PE ratio of 4.83 and a beta of 1.16.

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

Insider Transactions at Scottish Mortgage

In related news, insider Stephanie K. Leung purchased 339 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average price of GBX 1,466 per share, with a total value of £4,969.74. Corporate insiders own 0.13% of the company’s stock.

Scottish Mortgage Company Profile

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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.

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