Scottish Mortgage (LON:SMT) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Scottish Mortgage (LON:SMT) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,414.57 and traded as high as GBX 1,454. Scottish Mortgage shares last traded at GBX 1,450.50, with a volume of 1,447,347 shares trading hands.

Analysts Set New Price Targets

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

Scottish Mortgage Price Performance

The stock’s 50-day moving average is GBX 1,414.62 and its 200-day moving average is GBX 1,354.69. The firm has a market cap of £15.65 billion, a P/E ratio of 5.30 and a beta of 1.09. The company has a quick ratio of 0.53, a current ratio of 0.31 and a debt-to-equity ratio of 11.62.

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

Insider Buying and Selling

In other Scottish Mortgage news, insider Stephanie K. Leung purchased 339 shares of the stock in a transaction on 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. 0.13% of the stock is currently owned by company insiders.

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.