Edinburgh Investment (LON:EDIN) Reaches New 52-Week High – Time to Buy?

Edinburgh Investment (LON:EDIN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 842 and last traded at GBX 841.86, with a volume of 214079 shares traded. The stock had previously closed at GBX 837.

Edinburgh Investment Stock Up 0.5%

The firm has a 50-day moving average price of GBX 803.86 and a 200 day moving average price of GBX 800.57. The company has a debt-to-equity ratio of 11.33, a current ratio of 4.21 and a quick ratio of 3.88. The company has a market cap of £1.07 billion, a price-to-earnings ratio of 15.04 and a beta of 0.96.

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

Insider Buying and Selling

In other news, insider Elisabeth Stheeman acquired 1,250 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of GBX 795 per share, for a total transaction of £9,937.50. 0.37% of the stock is currently owned by corporate insiders.

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.