Utilico Emerging Markets Trust (LON:UEM) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Utilico Emerging Markets Trust PLC (LON:UEM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 281.91 and traded as high as GBX 294. Utilico Emerging Markets Trust shares last traded at GBX 285, with a volume of 1,276,107 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating on shares of Utilico Emerging Markets Trust in a report on Friday, June 19th.

Utilico Emerging Markets Trust Stock Down 0.3%

The stock has a fifty day simple moving average of GBX 286.61 and a two-hundred day simple moving average of GBX 281.91. The firm has a market cap of £495.09 million, a PE ratio of 10.55 and a beta of 0.38. The company has a current ratio of 1.09, a quick ratio of 0.41 and a debt-to-equity ratio of 3.96.

Utilico Emerging Markets Trust (LON:UEM) last posted its earnings results on Friday, June 19th. The company reported GBX 13.57 earnings per share (EPS) for the quarter. Utilico Emerging Markets Trust had a net margin of 90.43% and a return on equity of 21.74%. The business had revenue of GBX 3,068 million for the quarter.

Utilico Emerging Markets Trust Company Profile

Utilico Emerging Markets Trust plc (“UEM”) is a UK closed-end investment trust which is uniquely focused on global infrastructure and utilities megatrends in emerging markets.

UEM’s objective is to provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets.

UEM’s focus is on the undeveloped and developing markets of Asia, Latin America, Emerging Europe and Africa, while maintaining the flexibility to invest in markets world-wide.