Edinburgh Investment (LON:EDIN) Share Price Passes Below 50 Day Moving Average – Here’s Why

Shares of Edinburgh Investment (LON:EDIN) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 812.50 and traded as low as GBX 805. Edinburgh Investment shares last traded at GBX 809.94, with a volume of 207,919 shares traded.

Edinburgh Investment Stock Down 0.7%

The company has a debt-to-equity ratio of 10.12, a current ratio of 32.12 and a quick ratio of 3.88. The business’s fifty day moving average price is GBX 812.50 and its two-hundred day moving average price is GBX 803.95. The stock has a market capitalization of £1.12 billion, a PE ratio of 13.94 and a beta of 0.81.

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

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.