Edinburgh Investment (LON:EDIN) Shares Cross Below 50-Day Moving Average – Here’s Why

Edinburgh Investment (LON:EDIN)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 745.58 ($9.71) and traded as low as GBX 726 ($9.45). Edinburgh Investment shares last traded at GBX 730 ($9.50), with a volume of 372,000 shares changing hands.

Edinburgh Investment Price Performance

The firm has a fifty day moving average of GBX 744.68 and a 200 day moving average of GBX 741.51. The company has a current ratio of 7.29, a quick ratio of 3.88 and a debt-to-equity ratio of 10.57. The company has a market capitalization of £1.08 billion, a P/E ratio of 872.29 and a beta of 0.81.

Edinburgh Investment Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st will be paid a GBX 6.90 ($0.09) dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 0.93%. Edinburgh Investment’s dividend payout ratio is presently 3,373.49%.

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.