Scottish Mortgage (LON:SMT) Sets New 1-Year High - Time to Buy?


Scottish Mortgage (LON:SMT) Sets New 1-Year High  - Time to Buy?

Scottish Mortgage (LON:SMT - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,142.51 ($14.41) and last traded at GBX 1,128.72 ($14.24), with a volume of 2607171 shares trading hands. The stock had previously closed at GBX 1,132 ($14.28).

The company has a market cap of £13.72 billion, a price-to-earnings ratio of 11.51 and a beta of 0.75. The stock's fifty day simple moving average is GBX 1,016.02 and its 200 day simple moving average is GBX 916.21.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scottish Mortgage wasn't on the list.

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