The Edinburgh Investment Trust (LON:EDIN) Stock Crosses Below Fifty Day Moving Average of $627.95

The Edinburgh Investment Trust plc (LON:EDINGet Rating)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 627.95 ($7.62) and traded as low as GBX 604 ($7.33). The Edinburgh Investment Trust shares last traded at GBX 613 ($7.44), with a volume of 274,595 shares trading hands.

The company has a 50-day simple moving average of GBX 627.95 and a 200-day simple moving average of GBX 628.45. The firm has a market cap of £1.04 billion and a PE ratio of 7.48. The company has a debt-to-equity ratio of 10.20, a current ratio of 0.78 and a quick ratio of 0.68.

The firm also recently announced a dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 9th will be given a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a dividend yield of 0.99%. The Edinburgh Investment Trust’s dividend payout ratio (DPR) is presently 0.29%.

In other news, insider Elisabeth Stheeman purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, March 30th. The stock was purchased at an average price of GBX 639 ($7.76) per share, for a total transaction of £19,170 ($23,267.39).

About The Edinburgh Investment Trust (LON:EDIN)

The Edinburgh Investment Trust plc is a closed-ended equity mutual fund launched and managed by Majedie Asset Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies.

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