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

Shares of Scottish Mortgage (LON:SMT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,423.74 and traded as high as GBX 1,481. Scottish Mortgage shares last traded at GBX 1,473.50, with a volume of 1,366,610 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Scottish Mortgage in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Scottish Mortgage presently has a consensus rating of “Buy”.

Scottish Mortgage Stock Performance

The firm has a market capitalization of £15.67 billion, a PE ratio of 5.37 and a beta of 1.07. The company has a current ratio of 0.31, a quick ratio of 0.53 and a debt-to-equity ratio of 11.62. The business’s 50 day simple moving average is GBX 1,423.32 and its two-hundred day simple moving average is GBX 1,384.08.

Insider Activity at Scottish Mortgage

In other news, insider Stephanie K. Leung acquired 339 shares of Scottish Mortgage stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average price of GBX 1,466 per share, for a total transaction of £4,969.74. 0.13% of the stock is owned by insiders.

Scottish Mortgage Company Profile

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.