Scottish Mortgage (LON:SMT) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Scottish Mortgage (LON:SMTGet Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,336.94 and traded as low as GBX 1,298. Scottish Mortgage shares last traded at GBX 1,315, with a volume of 1,753,450 shares changing hands.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, Scottish Mortgage presently has an average rating of “Buy”.

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Scottish Mortgage Stock Performance

The business’s fifty day moving average is GBX 1,440.20 and its two-hundred day moving average is GBX 1,336.94. 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 capitalization of £14.71 billion, a PE ratio of 4.87 and a beta of 0.85.

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

Insider Buying and Selling

In related news, insider Stephanie K. Leung acquired 339 shares of Scottish Mortgage stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of GBX 1,466 per share, with a total value of £4,969.74. Corporate insiders own 0.13% of the company’s stock.

Scottish Mortgage Company Profile

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Further Reading

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