Scottish American Investment (LON:SCAM) Shares Pass Above 50 Day Moving Average – Here’s Why

by · The Markets Daily

Shares of The Scottish American Investment Co PLC (LON:SCAM – Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 417.50 ($5.45) and traded as high as GBX 418.67 ($5.47). Scottish American Investment shares last traded at GBX 417.50 ($5.45), with a volume of 170,822 shares changing hands.

Scottish American Investment Stock Performance

The company’s 50-day moving average price is GBX 417.50 and its two-hundred day moving average price is GBX 417.50. The company has a market capitalization of £603.25 million and a price-to-earnings ratio of 9.08. The company has a debt-to-equity ratio of 14.49, a current ratio of 3.80 and a quick ratio of 3.80.

Scottish American Investment Company Profile

(Get Free Report)

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

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