Scottish Mortgage (LON:SMT) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Scottish Mortgage (LON:SMT) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,019.34 ($12.98) and traded as low as GBX 778.60 ($9.91). Scottish Mortgage shares last traded at GBX 815.20 ($10.38), with a volume of 6,588,822 shares.

Scottish Mortgage Stock Up 4.9 %

The firm has a 50 day moving average price of GBX 1,019.34 and a 200 day moving average price of GBX 953.75. The stock has a market capitalization of £10.45 billion, a PE ratio of 8.77 and a beta of 0.75.

Scottish Mortgage Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a GBX 4 ($0.05) dividend. This represents a yield of 2.8%. This is an increase from Scottish Mortgage’s previous dividend of $1.60. The ex-dividend date was Thursday, March 27th. Scottish Mortgage’s dividend payout ratio is presently 4.10%.

Insiders Place Their Bets

In other Scottish Mortgage news, insider Vikram Kumaraswamy acquired 2,064 shares of Scottish Mortgage stock in a transaction on Friday, March 28th. The stock was purchased at an average price of GBX 964 ($12.27) per share, for a total transaction of £19,896.96 ($25,327.09). Insiders own 3.25% 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.