Utilico Emerging Markets Trust (LON:UEM) Shares Cross Below 200-Day Moving Average – Time to Sell?

Utilico Emerging Markets Trust PLC (LON:UEM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 284.54 and traded as low as GBX 280. Utilico Emerging Markets Trust shares last traded at GBX 283, with a volume of 304,583 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Utilico Emerging Markets Trust in a report on Friday, June 19th.

Utilico Emerging Markets Trust Stock Down 0.7%

The company has a debt-to-equity ratio of 3.96, a current ratio of 1.09 and a quick ratio of 0.41. The firm has a 50 day simple moving average of GBX 284.65 and a 200-day simple moving average of GBX 284.54. The stock has a market capitalization of £489.24 million, a price-to-earnings ratio of 4.42 and a beta of 0.39.

Utilico Emerging Markets Trust (LON:UEM) last issued its quarterly earnings data on Friday, June 19th. The company reported GBX 13.57 earnings per share (EPS) for the quarter. Utilico Emerging Markets Trust had a return on equity of 21.74% and a net margin of 90.43%.The company had revenue of GBX 3,068 million during the quarter.

Insider Activity at Utilico Emerging Markets Trust

In other news, insider Mark Bridgeman purchased 4,020 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of GBX 284 per share, with a total value of £11,416.80. Also, insider Isabel Liu purchased 2,306 shares of Utilico Emerging Markets Trust stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of GBX 287 per share, for a total transaction of £6,618.22. Insiders bought 9,076 shares of company stock valued at $2,590,002 in the last ninety days. Insiders own 1.74% 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.