Utilico Emerging Markets Trust (LON:UEM) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Utilico Emerging Markets Trust PLC (LON:UEM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 285.10 and traded as high as GBX 288. Utilico Emerging Markets Trust shares last traded at GBX 288, with a volume of 259,130 shares changing hands.

Wall Street Analyst Weigh In

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

Utilico Emerging Markets Trust Price Performance

The stock has a fifty day moving average price of GBX 285.20 and a 200-day moving average price of GBX 285.19. The firm has a market capitalization of £503.07 million, a PE ratio of 4.55 and a beta of 0.39. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.41 and a current ratio of 1.09.

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

Insider Buying and Selling at Utilico Emerging Markets Trust

In other news, insider Mark Bridgeman purchased 4,020 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were acquired at an average cost of GBX 284 per share, with a total value of £11,416.80. Also, insider Eric St Clair Stobart bought 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average price of GBX 286 per share, for a total transaction of £7,865. Insiders bought a total of 9,076 shares of company stock worth $2,590,002 over the last three months. Corporate insiders own 1.74% of the company’s stock.

About Utilico Emerging Markets Trust

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.