Edinburgh Investment (LON:EDIN) Shares Pass Below 50 Day Moving Average – What’s Next?

Edinburgh Investment (LON:EDIN)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Edinburgh Investment Stock Performance

The company has a debt-to-equity ratio of 10.57, a quick ratio of 3.88 and a current ratio of 7.29. The business’s 50-day moving average is GBX 744.68 and its 200-day moving average is GBX 741.51. The company has a market capitalization of £1.08 billion, a PE ratio of 872.29 and a beta of 0.81.

Edinburgh Investment Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 0.93%. Edinburgh Investment’s payout ratio is 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.