Utilico Emerging Markets Trust (LON:UEM) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Utilico Emerging Markets Trust PLC (LON:UEM)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 284.54 and traded as low as GBX 280. Utilico Emerging Markets Trust shares last traded at GBX 283, with a volume of 304,583 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Utilico Emerging Markets Trust in a research report on Friday, June 19th.

Utilico Emerging Markets Trust Stock Down 0.7%

The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.41 and a current ratio of 1.09. The firm has a fifty day simple moving average of GBX 284.65 and a 200-day simple moving average of GBX 284.54. The company has a market capitalization of £489.24 million, a PE ratio of 4.42 and a beta of 0.39.

Utilico Emerging Markets Trust (LON:UEM) last announced its earnings results on Friday, June 19th. The company reported GBX 13.57 earnings per share (EPS) for the quarter. The company had revenue of GBX 3,068 million for the quarter. Utilico Emerging Markets Trust had a return on equity of 21.74% and a net margin of 90.43%.

Insider Activity at Utilico Emerging Markets Trust

In related news, insider Isabel Liu purchased 2,306 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of GBX 287 per share, with a total value of £6,618.22. Also, insider Eric St Clair Stobart acquired 2,750 shares of Utilico Emerging Markets Trust stock in a transaction on Wednesday, July 1st. The shares were bought at an average price of GBX 286 per share, for a total transaction of £7,865. Insiders have purchased 9,076 shares of company stock valued at $2,590,002 over the last ninety days. Corporate insiders own 1.74% of the company’s stock.

Utilico Emerging Markets Trust Company Profile

Utilico Emerging Markets Trust plc (“UEM”) is a UK closed-end investment trust which is uniquely focused on global infrastructure and utilities megatrends in emerging markets.

UEM’s objective is to provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets.

UEM’s focus is on the undeveloped and developing markets of Asia, Latin America, Emerging Europe and Africa, while maintaining the flexibility to invest in markets world-wide.