Edinburgh Investment (LON:EDIN) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Edinburgh Investment (LON:EDIN)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 811.24 and traded as low as GBX 788.30. Edinburgh Investment shares last traded at GBX 792, with a volume of 196,607 shares.

Edinburgh Investment Stock Performance

The stock has a fifty day moving average price of GBX 811.24 and a 200 day moving average price of GBX 807.96. The company has a current ratio of 32.12, a quick ratio of 3.88 and a debt-to-equity ratio of 10.12. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 13.78 and a beta of 0.81.

Edinburgh Investment (LON:EDIN) last posted its earnings results on Wednesday, November 26th. The company reported GBX 13.96 earnings per share for the quarter. Edinburgh Investment had a return on equity of 16.15% and a net margin of 95.34%.

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.