Edinburgh Investment (LON:EDIN) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Edinburgh Investment (LON:EDIN)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 741.87 ($9.13) and traded as low as GBX 733 ($9.02). Edinburgh Investment shares last traded at GBX 741 ($9.12), with a volume of 246,904 shares.

Edinburgh Investment Trading Down 0.8 %

The company has a market cap of £1.10 billion, a PE ratio of 885.24 and a beta of 0.81. The business has a 50 day simple moving average of GBX 741.87 and a two-hundred day simple moving average of GBX 746.51. The company has a current ratio of 7.29, a quick ratio of 3.88 and a debt-to-equity ratio of 10.57.

Edinburgh Investment Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st were paid a dividend of GBX 6.90 ($0.08) per share. This represents a dividend yield of 0.93%. The ex-dividend date was Thursday, October 31st. Edinburgh Investment’s dividend payout ratio is presently 3,373.49%.

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.