Scottish Mortgage (LON:SMT) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Scottish Mortgage (LON:SMT)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,450.88 and traded as low as GBX 1,380. Scottish Mortgage shares last traded at GBX 1,411, with a volume of 129,697,328 shares trading hands.

Analysts Set New Price Targets

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

Scottish Mortgage Stock Up 0.6%

The business has a 50 day moving average price of GBX 1,450.88 and a 200 day moving average price of GBX 1,296.35. The company has a quick ratio of 0.53, a current ratio of 0.31 and a debt-to-equity ratio of 11.62. The stock has a market cap of £15.79 billion, a PE ratio of 5.13 and a beta of 1.15.

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

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.