Utilico Emerging Markets Trust (LON:UEM) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Utilico Emerging Markets Trust PLC (LON:UEMGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 284.02 and traded as low as GBX 284. Utilico Emerging Markets Trust shares last traded at GBX 287, with a volume of 133,815 shares.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on Utilico Emerging Markets Trust

Utilico Emerging Markets Trust Price Performance

The firm has a market cap of £496.15 million, a P/E ratio of 4.49 and a beta of 0.39. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.09 and a quick ratio of 0.41. The firm’s 50 day moving average is GBX 285.03 and its 200 day moving average is GBX 284.02.

Utilico Emerging Markets Trust (LON:UEMGet Free Report) last announced its earnings results on Friday, June 19th. The company reported GBX 13.57 earnings per share 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 during the quarter.

Insider Buying and Selling

In related news, insider Eric St Clair Stobart purchased 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average price of GBX 286 per share, for a total transaction of £7,865. Also, insider Isabel Liu acquired 2,306 shares of Utilico Emerging Markets Trust stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of GBX 287 per share, with a total value of £6,618.22. Insiders have purchased 9,076 shares of company stock worth $2,590,002 in the last 90 days. Insiders own 1.74% of the company’s stock.

About Utilico Emerging Markets Trust

(Get Free Report)

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.

Further Reading

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