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

Edinburgh Investment (LON:EDIN)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 823.39 and traded as high as GBX 851. Edinburgh Investment shares last traded at GBX 847, with a volume of 290,597 shares traded.

Edinburgh Investment Stock Performance

The stock has a market cap of £1.07 billion, a P/E ratio of 15.29 and a beta of 0.97. The firm’s 50-day moving average is GBX 824.44 and its two-hundred day moving average is GBX 805.04. The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33.

Edinburgh Investment (LON:EDIN) last posted its earnings results on Thursday, May 21st. The company reported GBX 26.60 EPS 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 during the quarter.

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. 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.