Edinburgh Worldwide (LON:EWI) Shares Pass Above Fifty Day Moving Average – Here’s Why

Edinburgh Worldwide (LON:EWI)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 184.12 ($2.25) and traded as high as GBX 196 ($2.40). Edinburgh Worldwide shares last traded at GBX 193 ($2.36), with a volume of 1,625,763 shares changing hands.

Edinburgh Worldwide Price Performance

The firm has a fifty day moving average price of GBX 184.84 and a two-hundred day moving average price of GBX 164. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 15.16. The stock has a market capitalization of £733.70 million, a P/E ratio of -884.55 and a beta of 0.78.

Edinburgh Worldwide Company Profile

The Trust aims for capital growth from a global portfolio of initially immature entrepreneurial companies, typically with a market capitalisation of less than $5bn at time of initial investment, which are believed to offer long-term growth potential (over at least five years). The portfolio does not seek to track the comparative index, hence a degree of volatility against companies index is inevitable.