Scottish American Investment (LON:SAIN) Hits New 52-Week High – Here’s What Happened

The Scottish American Investment Company P.L.C. (LON:SAINGet Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 528 and last traded at GBX 519.34, with a volume of 15733 shares trading hands. The stock had previously closed at GBX 522.

Scottish American Investment Stock Down 0.4%

The firm has a fifty day simple moving average of GBX 510.98 and a 200-day simple moving average of GBX 510.46. The company has a market capitalization of £852.42 million, a PE ratio of 91.41 and a beta of 0.65. The company has a debt-to-equity ratio of 9.75, a quick ratio of 3.87 and a current ratio of 4.03.

About Scottish American Investment

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The Trust aims to be a core investment for private investors seeking income. Its objective is to grow the dividend at a faster rate than inflation by increasing capital and growing income. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types. The equity portfolio is managed on a global basis and usually consists of between 50–100 stocks. In constructing the portfolio, little regard is paid to the composition of the equity indices.

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