Utilico Emerging Markets Trust (LON:UEM) Shares Pass Above 200-Day Moving Average – Should You Sell?

Utilico Emerging Markets Trust PLC (LON:UEM) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 269.57 and traded as high as GBX 275. Utilico Emerging Markets Trust shares last traded at GBX 271, with a volume of 1,937,286 shares changing hands.

Utilico Emerging Markets Trust Price Performance

The business’s 50-day moving average price is GBX 284.12 and its 200 day moving average price is GBX 269.57. The company has a quick ratio of 0.41, a current ratio of 0.28 and a debt-to-equity ratio of 4.19. The company has a market capitalization of £495.85 million, a P/E ratio of 10.36 and a beta of 0.33.

Insider Activity at Utilico Emerging Markets Trust

In other news, insider Eric St Clair Stobart bought 3,000 shares of the stock in a transaction on Friday, January 2nd. The shares were acquired at an average cost of GBX 273 per share, for a total transaction of £8,190. Also, insider Mark Bridgeman purchased 3,833 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was purchased at an average cost of GBX 271 per share, with a total value of £10,387.43. Corporate insiders own 1.68% of the company’s stock.

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.