Utilico Emerging Markets Trust (LON:UEM) Hits New 12-Month High – Here’s Why

Utilico Emerging Markets Trust PLC (LON:UEM) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 291 and last traded at GBX 288, with a volume of 80818 shares changing hands. The stock had previously closed at GBX 283.

Utilico Emerging Markets Trust Stock Performance

The firm has a market cap of £513.39 million, a P/E ratio of 10.66 and a beta of 0.59. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.41 and a current ratio of 0.90. The stock’s 50-day moving average is GBX 271.42 and its 200 day moving average is GBX 258.10.

Utilico Emerging Markets Trust (LON:UEM) last released its earnings results on Wednesday, November 19th. The company reported GBX 8.15 EPS for the quarter. Utilico Emerging Markets Trust had a return on equity of 4.12% and a net margin of 63.48%.

Insider Buying and Selling at Utilico Emerging Markets Trust

In related news, insider Eric St Clair Stobart purchased 3,000 shares of the stock in a transaction on Friday, January 2nd. The shares were purchased at an average price of GBX 273 per share, with a total value of £8,190. Also, insider Isabel Liu acquired 2,395 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was bought at an average cost of GBX 268 per share, with a total value of £6,418.60. Insiders purchased a total of 9,228 shares of company stock worth $2,499,603 over the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

Utilico Emerging Markets Trust Company Profile

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.