Scottish American Investment (LON:SAIN) Hits New 52-Week High – Here’s What Happened

The Scottish American Investment Company P.L.C. (LON:SAIN) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 549.70 and last traded at GBX 549.70, with a volume of 30872 shares trading hands. The stock had previously closed at GBX 545.18.

Scottish American Investment Price Performance

The stock has a market cap of £855.45 million, a P/E ratio of 52.28 and a beta of 0.60. The firm has a 50-day moving average price of GBX 516.26 and a 200-day moving average price of GBX 514.39. The company has a debt-to-equity ratio of 10.78, a quick ratio of 3.87 and a current ratio of 2.05.

Scottish American Investment (LON:SAIN) last announced its earnings results on Friday, February 20th. The company reported GBX 16.65 earnings per share (EPS) for the quarter. Scottish American Investment had a return on equity of 1.97% and a net margin of 73.02%.

About Scottish American Investment

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.