Utilico Emerging Markets Trust (LON:UEM) Stock Crosses Below 200 Day Moving Average – Here’s Why

Utilico Emerging Markets Trust PLC (LON:UEM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 285.31 and traded as low as GBX 273.52. Utilico Emerging Markets Trust shares last traded at GBX 276, with a volume of 642,814 shares.

Wall Street Analyst Weigh In

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

Utilico Emerging Markets Trust Stock Up 0.4%

The firm has a 50 day moving average of GBX 285.20 and a 200 day moving average of GBX 285.15. The firm has a market cap of £477.14 million, a price-to-earnings ratio of 4.31 and a beta of 0.39. The company has a quick ratio of 0.41, a current ratio of 1.09 and a debt-to-equity ratio of 3.96.

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

Insider Buying and Selling at Utilico Emerging Markets Trust

In other Utilico Emerging Markets Trust news, insider Isabel Liu bought 2,306 shares of Utilico Emerging Markets Trust stock in a transaction dated Tuesday, June 30th. The stock was bought 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 the business’s stock in a transaction on Wednesday, July 1st. The stock was acquired at an average cost of GBX 286 per share, for a total transaction of £7,865. In the last three months, insiders have purchased 9,076 shares of company stock worth $2,590,002. Corporate insiders own 1.74% of the company’s stock.

About Utilico Emerging Markets Trust

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.