Utilico Emerging Markets Trust (LON:UEM) Reaches New 52-Week High – Here’s What Happened

Utilico Emerging Markets Trust PLC (LON:UEM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 277.35 and last traded at GBX 270, with a volume of 268853 shares changing hands. The stock had previously closed at GBX 272.

Utilico Emerging Markets Trust Stock Performance

The company has a market capitalization of £481.41 million, a PE ratio of 9.99 and a beta of 0.59. The stock’s 50-day simple moving average is GBX 259.75 and its 200 day simple moving average is GBX 250.92. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.41 and a current ratio of 0.90.

Utilico Emerging Markets Trust (LON:UEM) last posted its earnings results on Wednesday, November 19th. The company reported GBX 8.15 EPS for the quarter. Utilico Emerging Markets Trust had a return on equity of 4.12% and a net margin of 63.48%.

Insiders Place Their Bets

In related news, insider Nadya Wells acquired 2,800 shares of Utilico Emerging Markets Trust stock in a transaction dated Wednesday, October 1st. The stock was acquired at an average price of GBX 255 per share, for a total transaction of £7,140. Also, insider Eric St Clair Stobart bought 3,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was bought at an average price of GBX 254 per share, with a total value of £7,620. Insiders have bought 12,433 shares of company stock worth $3,160,782 in the last three months. 1.66% of the stock is owned by company insiders.

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.