Edinburgh Investment (LON:EDIN) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Edinburgh Investment (LON:EDIN – Get Free Report)’s share price crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 841.43 and traded as low as GBX 832. Edinburgh Investment shares last traded at GBX 840, with a volume of 209,851 shares.

Edinburgh Investment Stock Performance

The company has a market capitalization of £1.04 billion, a P/E ratio of 15.15 and a beta of 0.98. The stock has a fifty day simple moving average of GBX 841.10 and a 200-day simple moving average of GBX 816.71. The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33.

About Edinburgh Investment

(Get Free Report)

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.

Further Reading

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