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

Utilico Emerging Markets Trust PLC (LON:UEM)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 265.86 and traded as high as GBX 293.85. Utilico Emerging Markets Trust shares last traded at GBX 286, with a volume of 201,238 shares.

Utilico Emerging Markets Trust Trading Up 1.8%

The business has a 50-day moving average price of GBX 282.94 and a two-hundred day moving average price of GBX 265.86. The stock has a market capitalization of £508.41 million, a P/E ratio of 10.58 and a beta of 0.59. The company has a current ratio of 0.28, a quick ratio of 0.41 and a debt-to-equity ratio of 4.19.

Insiders Place Their Bets

In other news, insider Eric St Clair Stobart purchased 3,000 shares of Utilico Emerging Markets Trust stock in a transaction that occurred on Friday, January 2nd. The shares were acquired at an average price of GBX 273 per share, for a total transaction of £8,190. Also, insider Mark Bridgeman acquired 3,833 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was purchased at an average cost of GBX 271 per share, for a total transaction of £10,387.43. Insiders have bought 9,228 shares of company stock worth $2,499,603 over the last ninety days. Corporate insiders own 1.68% of the company’s stock.

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.