Edinburgh Investment (LON:EDIN) Hits New 1-Year High – Should You Buy?

Edinburgh Investment (LON:EDIN) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 792 ($10.52) and last traded at GBX 791.72 ($10.52), with a volume of 13390 shares trading hands. The stock had previously closed at GBX 785 ($10.43).

Edinburgh Investment Trading Up 1.1%

The company has a market cap of £1.15 billion, a price-to-earnings ratio of 6.35 and a beta of 0.81. The company has a debt-to-equity ratio of 10.12, a current ratio of 32.12 and a quick ratio of 3.88. The business has a 50 day simple moving average of GBX 746.28 and a 200 day simple moving average of GBX 748.11.

Edinburgh Investment Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 27th were issued a dividend of GBX 15.25 ($0.20) per share. This represents a dividend yield of 3.09%. The ex-dividend date was Thursday, March 27th. This is a boost from Edinburgh Investment’s previous dividend of $6.90. Edinburgh Investment’s payout ratio is currently 22.40%.

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.