Edinburgh Investment (LON:EDIN) Shares Cross Below 50 Day Moving Average – What’s Next?

Edinburgh Investment (LON:EDIN) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 813.60 and traded as low as GBX 795. Edinburgh Investment shares last traded at GBX 796, with a volume of 914,229 shares traded.

Edinburgh Investment Price Performance

The firm has a fifty day moving average of GBX 813.60 and a two-hundred day moving average of GBX 808.22. The stock has a market capitalization of £1.08 billion, a P/E ratio of 13.87 and a beta of 0.81. The company has a debt-to-equity ratio of 10.12, a current ratio of 32.12 and a quick ratio of 3.88.

Edinburgh Investment (LON:EDIN) last issued its earnings results on Wednesday, November 26th. The company reported GBX 13.96 earnings per share (EPS) for the quarter. Edinburgh Investment had a net margin of 95.34% and a return on equity of 16.15%.

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.