Edinburgh Investment (LON:EDIN) Shares Cross Below 50-Day Moving Average of $728.52

Shares of Edinburgh Investment (LON:EDIN) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 728.52 ($9.21) and traded as low as GBX 716.69 ($9.07). Edinburgh Investment shares last traded at GBX 720 ($9.11), with a volume of 375,393 shares trading hands.

Edinburgh Investment Stock Performance

The company has a quick ratio of 3.88, a current ratio of 7.79 and a debt-to-equity ratio of 10.70. The stock has a 50 day simple moving average of GBX 728.82 and a two-hundred day simple moving average of GBX 694.78. The stock has a market capitalization of £1.11 billion, a P/E ratio of 558.46 and a beta of 0.82.

Edinburgh Investment Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 6.90 ($0.09) per share. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 0.94%. Edinburgh Investment’s dividend payout ratio is currently 2,076.92%.

Insider Transactions at Edinburgh Investment

In other Edinburgh Investment news, insider Elisabeth Stheeman bought 2,720 shares of Edinburgh Investment stock in a transaction dated Thursday, June 6th. The stock was bought at an average cost of GBX 731 ($9.25) per share, for a total transaction of £19,883.20 ($25,149.51). 3.59% of the stock is currently owned by corporate insiders.

About Edinburgh Investment

The Edinburgh Investment Trust plc is a closed-ended equity mutual fund launched and managed by Majedie Asset Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies.