Edinburgh Investment (LON:EDIN) Stock Passes Above 50 Day Moving Average – What’s Next?

Edinburgh Investment (LON:EDIN)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 794.52 and traded as high as GBX 806. Edinburgh Investment shares last traded at GBX 806, with a volume of 293,348 shares changing hands.

Edinburgh Investment Stock Performance

The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33. The stock’s 50 day moving average price is GBX 794.52 and its 200-day moving average price is GBX 800.41. The stock has a market capitalization of £1.03 billion, a P/E ratio of 14.42 and a beta of 0.96.

Edinburgh Investment (LON:EDIN) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 26.60 EPS for the quarter. The company had revenue of GBX 4,075 million during the quarter. Edinburgh Investment had a net margin of 89.72% and a return on equity of 7.03%.

Insider Activity at Edinburgh Investment

In related news, insider Elisabeth Stheeman purchased 1,250 shares of Edinburgh Investment stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of GBX 795 per share, with a total value of £9,937.50. Insiders own 0.36% of the company’s stock.

Edinburgh Investment Company Profile

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.