Utilico Emerging Markets Trust (LON:UEM) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Utilico Emerging Markets Trust PLC (LON:UEM) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 266.99 and traded as high as GBX 286. Utilico Emerging Markets Trust shares last traded at GBX 279, with a volume of 55,220 shares traded.

Utilico Emerging Markets Trust Stock Performance

The firm’s fifty day moving average price is GBX 284.44 and its 200-day moving average price is GBX 266.99. The company has a market cap of £494.08 million, a P/E ratio of 10.33 and a beta of 0.33. The company has a current ratio of 0.28, a quick ratio of 0.41 and a debt-to-equity ratio of 4.19.

Insider Buying and Selling

In other news, insider Eric St Clair Stobart purchased 3,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of GBX 273 per share, for a total transaction of £8,190. Also, insider Isabel Liu purchased 2,395 shares of the business’s stock in a transaction on Monday, December 29th. The stock was purchased at an average cost of GBX 268 per share, with a total value of £6,418.60. Insiders have bought a total of 9,228 shares of company stock valued at $2,499,603 over the last three months. 1.68% of the stock is owned by corporate insiders.

About Utilico Emerging Markets Trust

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.