Edinburgh Investment (LON:EDIN) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Edinburgh Investment (LON:EDIN)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 794.95 and traded as low as GBX 785.50. Edinburgh Investment shares last traded at GBX 792.06, with a volume of 259,431 shares trading hands.

Edinburgh Investment Trading Down 0.8%

The company has a market capitalization of £1.03 billion, a P/E ratio of 13.67 and a beta of 0.97. The stock’s 50 day moving average is GBX 794.95 and its 200-day moving average is GBX 806.18. The company has a debt-to-equity ratio of 10.32, a current ratio of 3.55 and a quick ratio of 3.88.

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.