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

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 traded.

Edinburgh Investment Price Performance

The company has a market capitalization of £1.10 billion, a PE ratio of 553.85 and a beta of 0.82. 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 firm’s 50-day moving average is GBX 728.52 and its 200-day moving average is GBX 694.36.

Edinburgh Investment Dividend Announcement

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

Insider Activity

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

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.