Edinburgh Investment (LON:EDIN) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Edinburgh Investment (LON:EDIN) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 811.24 and traded as low as GBX 788.30. Edinburgh Investment shares last traded at GBX 792, with a volume of 196,607 shares trading hands.

Edinburgh Investment Trading Up 0.1%

The company has a current ratio of 32.12, a quick ratio of 3.88 and a debt-to-equity ratio of 10.12. The business’s fifty day simple moving average is GBX 811.24 and its two-hundred day simple moving average is GBX 807.96. The stock has a market capitalization of £1.07 billion, a P/E ratio of 13.78 and a beta of 0.81.

Edinburgh Investment (LON:EDIN) last posted its quarterly earnings data on Wednesday, November 26th. The company reported GBX 13.96 earnings per share (EPS) for the quarter. Edinburgh Investment had a net margin of 95.34% and a return on equity of 16.15%.

Edinburgh Investment Company Profile

Edinburgh Investment Trust offers exposure primarily to UK-listed equities. It may also hold up to 20% of assets in equities listed overseas. The Company invests primarily in UK securities with the long term objective of achieving: 1. An increase of the Net Asset Value per share in excess of the growth in the FTSE All-Share Index; and 2. Growth in dividends per share in excess of the rate of UK inflation. It is managed by Imran Sattar, with Emily Barnard being the Deputy Manager. He constructs a high conviction portfolio of c.40 holdings based on fundamental company research.