Edinburgh Investment (LON:EDIN) Share Price Passes Above 50-Day Moving Average – Here’s Why

Edinburgh Investment (LON:EDIN) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 823.39 and traded as high as GBX 851. Edinburgh Investment shares last traded at GBX 847, with a volume of 290,597 shares changing hands.

Edinburgh Investment Stock Performance

The business’s 50-day simple moving average is GBX 823.39 and its two-hundred day simple moving average is GBX 804.69. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 15.20 and a beta of 0.97. The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33.

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

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.