Scottish Mortgage (LON:SMT) Reaches New 12-Month High – What’s Next?

Scottish Mortgage (LON:SMT) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,563 and last traded at GBX 1,521.87, with a volume of 4985345 shares traded. The stock had previously closed at GBX 1,522.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued 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 data from MarketBeat, the stock presently has an average rating of “Buy”.

Scottish Mortgage Stock Up 0.5%

The company has a current ratio of 0.31, a quick ratio of 0.53 and a debt-to-equity ratio of 11.62. The company has a market capitalization of £16.71 billion, a PE ratio of 5.01 and a beta of 0.81. The business’s 50-day simple moving average is GBX 1,392.88 and its 200-day simple moving average is GBX 1,251.64.

Scottish Mortgage (LON:SMT) last posted its quarterly earnings results on Wednesday, May 27th. The company reported GBX 2.28 earnings per share (EPS) for the quarter. The company 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%.

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.