Edinburgh Investment (LON:EDIN) Hits New 12-Month High – Still a Buy?

Shares of Edinburgh Investment (LON:EDIN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 860 and last traded at GBX 855, with a volume of 79967 shares traded. The stock had previously closed at GBX 853.

Edinburgh Investment Price Performance

The firm has a market cap of £1.08 billion, a PE ratio of 15.40 and a beta of 0.96. 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 business’s fifty day moving average is GBX 812.58 and its 200-day moving average is GBX 801.78.

Edinburgh Investment (LON:EDIN) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 26.60 EPS for the quarter. The firm 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 Activity at Edinburgh Investment

In other Edinburgh Investment news, insider Elisabeth Stheeman bought 1,250 shares of Edinburgh Investment stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of GBX 795 per share, for a total transaction of £9,937.50. 0.37% of the stock is owned by company insiders.

About Edinburgh Investment

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.