Utilico Emerging Markets Trust (LON:UEM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Utilico Emerging Markets Trust PLC (LON:UEM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 285.54 and traded as high as GBX 289. Utilico Emerging Markets Trust shares last traded at GBX 285, with a volume of 60,646 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Utilico Emerging Markets Trust in a research note on Friday, June 19th.

Utilico Emerging Markets Trust Trading Down 0.3%

The firm has a market cap of £487.90 million, a price-to-earnings ratio of 4.41 and a beta of 0.39. The company has a current ratio of 1.09, a quick ratio of 0.41 and a debt-to-equity ratio of 3.96. The company has a 50 day moving average of GBX 285.57 and a 200 day moving average of GBX 285.52.

Utilico Emerging Markets Trust (LON:UEM) last issued its quarterly earnings data on Friday, June 19th. The company reported GBX 13.57 earnings per share (EPS) for the quarter. The firm had revenue of GBX 3,068 million during the quarter. Utilico Emerging Markets Trust had a return on equity of 21.74% and a net margin of 90.43%.

Insider Transactions at Utilico Emerging Markets Trust

In other news, insider Mark Bridgeman purchased 4,020 shares of Utilico Emerging Markets Trust stock in a transaction on Wednesday, July 1st. The stock was purchased at an average price of GBX 284 per share, with a total value of £11,416.80. Also, insider Isabel Liu purchased 2,306 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of GBX 287 per share, with a total value of £6,618.22. Insiders have bought a total of 9,076 shares of company stock valued at $2,590,002 over the last three months. 1.74% of the stock is currently owned by corporate insiders.

About Utilico Emerging Markets Trust

Utilico Emerging Markets Trust plc (“UEM”) is a UK closed-end investment trust which is uniquely focused on global infrastructure and utilities megatrends in emerging markets.

UEM’s objective is to provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets.

UEM’s focus is on the undeveloped and developing markets of Asia, Latin America, Emerging Europe and Africa, while maintaining the flexibility to invest in markets world-wide.