Edinburgh Investment (LON:EDIN) Sets New 52-Week High – Still a Buy?

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

Edinburgh Investment Stock Up 1.7%

The company has a current ratio of 4.21, a quick ratio of 3.88 and a debt-to-equity ratio of 11.33. The firm has a market capitalization of £1.06 billion, a PE ratio of 15.40 and a beta of 0.98. The firm has a 50-day moving average of GBX 841.10 and a two-hundred day moving average of GBX 816.71.

About Edinburgh Investment

(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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