Scottish Mortgage (LON:SMT) Reaches New 12-Month High – Here’s Why

Scottish Mortgage (LON:SMT) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,220.50 and last traded at GBX 1,220.23, with a volume of 4606319 shares trading hands. The stock had previously closed at GBX 1,210.

Scottish Mortgage Stock Up 1.6%

The firm has a fifty day moving average of GBX 1,149.83 and a 200-day moving average of GBX 1,121.31. The firm has a market cap of £13.37 billion, a P/E ratio of 4.00 and a beta of 0.75.

Scottish Mortgage (LON:SMT) last released its earnings results on Friday, November 7th. The company reported GBX 1.55 earnings per share (EPS) for the quarter. Scottish Mortgage had a net margin of 94.48% and a return on equity of 11.53%.

Insider Buying and Selling

In related news, insider Christopher Samuel purchased 4,358 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was purchased at an average cost of GBX 1,145 per share, for a total transaction of £49,899.10. Company insiders own 0.13% of the company’s stock.

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.