Edinburgh Investment (LON:EDIN) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Edinburgh Investment (LON:EDIN) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 739.74 ($9.27) and traded as low as GBX 724.75 ($9.09). Edinburgh Investment shares last traded at GBX 729 ($9.14), with a volume of 1,188,539 shares changing hands.

Edinburgh Investment Price Performance

The stock has a market cap of £1.11 billion, a price-to-earnings ratio of 900.00 and a beta of 0.81. The stock has a fifty day simple moving average of GBX 739.46 and a 200-day simple moving average of GBX 742.45. The company has a current ratio of 7.29, a quick ratio of 3.88 and a debt-to-equity ratio of 10.57.

Edinburgh Investment Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st will be issued a dividend of GBX 6.90 ($0.09) per share. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 31st. Edinburgh Investment’s 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.