Edinburgh Investment (LON:EDIN – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 844.14 and traded as low as GBX 828. Edinburgh Investment shares last traded at GBX 830, with a volume of 668,265 shares trading hands.
Edinburgh Investment Stock Performance
The firm has a market capitalization of £1.01 billion, a PE ratio of 14.56 and a beta of 0.96. The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33. The company has a 50-day moving average of GBX 843.95 and a 200 day moving average of GBX 813.22.
About Edinburgh Investment
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.
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