Scottish American Investment (LON:SAIN) Trading Up 0.8% – Here’s What Happened

Shares of The Scottish American Investment Company P.L.C. (LON:SAINGet Free Report) were up 0.8% during trading on Thursday . The stock traded as high as GBX 512 ($6.62) and last traded at GBX 512 ($6.62). Approximately 582,600 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 497,785 shares. The stock had previously closed at GBX 508 ($6.56).

Scottish American Investment Trading Down 0.4 %

The company has a current ratio of 4.03, a quick ratio of 3.87 and a debt-to-equity ratio of 9.75. The company has a 50 day moving average of GBX 511.24 and a 200 day moving average of GBX 509.03. The firm has a market cap of £891.77 million, a price-to-earnings ratio of 10.23 and a beta of 0.65.

Scottish American Investment (LON:SAINGet Free Report) last posted its earnings results on Thursday, February 13th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Scottish American Investment had a net margin of 115.71% and a return on equity of 9.33%.

Insider Transactions at Scottish American Investment

In other Scottish American Investment news, insider Nicholas Macpherson GCB bought 5,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of GBX 492 ($6.36) per share, for a total transaction of £24,600 ($31,787.05). Company insiders own 1.07% of the company’s stock.

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.

Further Reading

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