Scottish American Investment (LON:SAIN) Sets New 52-Week High – Still a Buy?

The Scottish American Investment Company P.L.C. (LON:SAINGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 561 and last traded at GBX 560.41, with a volume of 317319 shares traded. The stock had previously closed at GBX 554.39.

Scottish American Investment Price Performance

The stock’s 50 day moving average is GBX 544.67 and its two-hundred day moving average is GBX 527.37. The firm has a market cap of £836.35 million, a P/E ratio of 53.42 and a beta of 0.95.

Scottish American Investment (LON:SAINGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 10.01 EPS for the quarter. Scottish American Investment had a return on equity of 6.08% and a net margin of 88.06%.

About Scottish American Investment

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The Trust aims to be a core investment for private investors seeking income. Its objective is to grow the dividend at a faster rate than inflation by increasing capital and growing income. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types. The equity portfolio is managed on a global basis and usually consists of between 50–100 stocks. In constructing the portfolio, little regard is paid to the composition of the equity indices.

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