Edinburgh Investment (LON:EDIN) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Edinburgh Investment (LON:EDIN) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 794.52 and traded as high as GBX 806. Edinburgh Investment shares last traded at GBX 806, with a volume of 293,348 shares traded.

Edinburgh Investment Stock Performance

The firm has a 50-day moving average price of GBX 794.52 and a two-hundred day moving average price of GBX 800.41. The company has a debt-to-equity ratio of 11.33, a current ratio of 4.21 and a quick ratio of 3.88. The firm has a market capitalization of £1.03 billion, a P/E ratio of 14.42 and a beta of 0.96.

Edinburgh Investment (LON:EDIN) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 26.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 4,075 million during the quarter. Edinburgh Investment had a net margin of 89.72% and a return on equity of 7.03%.

Insider Transactions at Edinburgh Investment

In other news, insider Elisabeth Stheeman acquired 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of GBX 795 per share, with a total value of £9,937.50. 0.36% of the stock is currently owned by company insiders.

About Edinburgh Investment

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.