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

Edinburgh Investment (LON:EDIN) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 794.52 and traded as high as GBX 806. Edinburgh Investment shares last traded at GBX 806, with a volume of 293,348 shares changing hands.

Edinburgh Investment Stock Up 0.1%

The company’s 50-day moving average is GBX 794.44 and its 200 day moving average is GBX 800.52. The stock has a market capitalization of £1.05 billion, a PE ratio of 14.59 and a beta of 0.96. The company has a current ratio of 4.21, a quick ratio of 3.88 and a debt-to-equity ratio of 11.33.

Edinburgh Investment (LON:EDIN) last released its earnings results on Thursday, May 21st. The company reported GBX 26.60 earnings per share for the quarter. Edinburgh Investment had a net margin of 89.72% and a return on equity of 7.03%. The company had revenue of GBX 4,075 million for the quarter.

Insider Activity at Edinburgh Investment

In related news, insider Elisabeth Stheeman acquired 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of GBX 795 per share, with a total value of £9,937.50. Insiders own 0.36% of the company’s stock.

Edinburgh Investment Company Profile

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. Growth in dividends per share in excess of the rate of UK inflation. It is managed by Imran Sattar, with Emily Barnard being the Deputy Manager. He constructs a high conviction portfolio of c.40 holdings based on fundamental company research.