Utilico Emerging Markets Trust (LON:UEM) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Utilico Emerging Markets Trust PLC (LON:UEM) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 283.08 and traded as low as GBX 282.24. Utilico Emerging Markets Trust shares last traded at GBX 288, with a volume of 274,835 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Utilico Emerging Markets Trust in a research note on Friday, June 19th.

Utilico Emerging Markets Trust Stock Up 1.7%

The company’s 50 day moving average price is GBX 285.19 and its two-hundred day moving average price is GBX 283.26. The company has a current ratio of 1.09, a quick ratio of 0.41 and a debt-to-equity ratio of 3.96. The stock has a market cap of £503.07 million, a P/E ratio of 4.55 and a beta of 0.39.

Utilico Emerging Markets Trust (LON:UEM) last posted its quarterly earnings data on Friday, June 19th. The company reported GBX 13.57 earnings per share (EPS) for the quarter. Utilico Emerging Markets Trust had a net margin of 90.43% and a return on equity of 21.74%. The company had revenue of GBX 3,068 million for the quarter.

Insider Transactions at Utilico Emerging Markets Trust

In other Utilico Emerging Markets Trust news, insider Isabel Liu acquired 2,306 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of GBX 287 per share, with a total value of £6,618.22. Also, insider Mark Bridgeman acquired 4,020 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average cost of GBX 284 per share, with a total value of £11,416.80. Insiders have acquired 9,076 shares of company stock worth $2,590,002 in the last 90 days. 1.74% of the stock is currently owned by 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.