Utilico Emerging Markets Trust (LON:UEM) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Utilico Emerging Markets Trust PLC (LON:UEM)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 283.46 and traded as high as GBX 285. Utilico Emerging Markets Trust shares last traded at GBX 280, with a volume of 140,816 shares changing hands.

Wall Street Analyst Weigh In

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

Utilico Emerging Markets Trust Trading Up 1.1%

The company has a quick ratio of 0.41, a current ratio of 1.09 and a debt-to-equity ratio of 3.96. The firm has a market cap of £488.96 million, a PE ratio of 4.42 and a beta of 0.39. The company’s fifty day moving average price is GBX 281.50 and its two-hundred day moving average price is GBX 283.46.

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.