Edinburgh Investment (LON:EDIN) Reaches New 1-Year High – Should You Buy?

Shares of Edinburgh Investment (LON:EDIN – Get Free Report) reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 864 and last traded at GBX 861, with a volume of 744,279 shares traded. The stock had previously closed at GBX 847.

Edinburgh Investment Price Performance

The company has a fifty day simple moving average of GBX 841.10 and a two-hundred day simple moving average of GBX 816.71. The company has a debt-to-equity ratio of 11.33, a quick ratio of 3.88 and a current ratio of 4.21. The company has a market capitalization of £1.06 billion, a price-to-earnings ratio of 15.40 and a beta of 0.98.

Edinburgh Investment Company Profile

(Get Free Report)

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.

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