Edinburgh Investment (LON:EDIN) Reaches New 1-Year High – Here’s What Happened

Shares of Edinburgh Investment (LON:EDIN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 842 and last traded at GBX 841.86, with a volume of 214079 shares trading hands. The stock had previously closed at GBX 837.

Edinburgh Investment Stock Performance

The firm has a market cap of £1.08 billion, a P/E ratio of 15.24 and a beta of 0.96. The company has a debt-to-equity ratio of 11.33, a quick ratio of 3.88 and a current ratio of 4.21. The stock’s 50-day moving average is GBX 806.21 and its 200 day moving average is GBX 800.82.

Edinburgh Investment (LON:EDIN) last posted its earnings results on Thursday, May 21st. The company reported GBX 26.60 earnings per share (EPS) for the quarter. Edinburgh Investment had a return on equity of 7.03% and a net margin of 89.72%.The firm had revenue of GBX 4,075 million during the quarter.

Insider Activity

In related news, insider Elisabeth Stheeman acquired 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of GBX 795 per share, for a total transaction of £9,937.50. 0.37% of the stock is owned by corporate insiders.

Edinburgh Investment Company Profile

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.