Scottish Mortgage (LON:SMT) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Scottish Mortgage (LON:SMTGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on SMT

Scottish Mortgage Stock Up 2.0%

The firm has a market capitalization of £14.71 billion, a PE ratio of 4.87 and a beta of 0.85. 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 company has a 50-day moving average price of GBX 1,440.20 and a 200 day moving average price of GBX 1,336.94.

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

Insider Activity at Scottish Mortgage

In related news, insider Stephanie K. Leung bought 339 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average price of GBX 1,466 per share, for a total transaction of £4,969.74. Company insiders own 0.13% of the company’s stock.

Scottish Mortgage Company Profile

(Get Free Report)

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.

Further Reading

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