Edinburgh Investment (LON:EDIN) Stock Passes Above 50 Day Moving Average – Here’s Why

Edinburgh Investment (LON:EDIN) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 743.97 ($9.05) and traded as high as GBX 760 ($9.25). Edinburgh Investment shares last traded at GBX 760 ($9.25), with a volume of 203,272 shares.

Edinburgh Investment Trading Up 0.9 %

The stock has a market cap of £1.13 billion, a PE ratio of 915.66 and a beta of 0.81. 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 firm has a fifty day simple moving average of GBX 743.97 and a two-hundred day simple moving average of GBX 747.05.

Edinburgh Investment Announces Dividend

The business also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 31st were paid a GBX 6.90 ($0.08) dividend. This represents a yield of 0.93%. The ex-dividend date was Thursday, October 31st. Edinburgh Investment’s dividend payout ratio is currently 3,373.49%.

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.