Scottish American Investment (LON:SCAM) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

The Scottish American Investment Co PLC (LON:SCAMGet Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 417.50 ($5.41) and traded as low as GBX 415.48 ($5.39). Scottish American Investment shares last traded at GBX 417.50 ($5.41), with a volume of 170,822 shares changing hands.

Scottish American Investment Trading Up 0.6 %

The company has a market capitalization of £603.25 million and a P/E ratio of 9.08. The company has a 50-day simple moving average of GBX 417.50 and a 200 day simple moving average of GBX 417.50. The company has a debt-to-equity ratio of 14.49, a quick ratio of 3.80 and a current ratio of 3.80.

About Scottish American Investment

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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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