Edinburgh Investment (LON:EDIN) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Edinburgh Investment (LON:EDIN)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 741.04 ($9.29) and traded as high as GBX 742 ($9.30). Edinburgh Investment shares last traded at GBX 742 ($9.30), with a volume of 102,266 shares.

Edinburgh Investment Trading Up 0.7 %

The company has a 50 day simple moving average of GBX 741.04 and a 200 day simple moving average of GBX 745.03. The company has a market capitalization of £1.11 billion, a PE ratio of 893.98 and a beta of 0.81. The company has a debt-to-equity ratio of 10.57, a quick ratio of 3.88 and a current ratio of 7.29.

Edinburgh Investment Announces Dividend

The company also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 31st were given a dividend of GBX 6.90 ($0.09) per share. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 31st. Edinburgh Investment’s payout ratio is 3,373.49%.

Edinburgh Investment Company Profile

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.