Edinburgh Investment (LON:EDIN) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of Edinburgh Investment (LON:EDIN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 741.04 ($9.29) and traded as high as GBX 742 ($9.31). Edinburgh Investment shares last traded at GBX 742 ($9.31), with a volume of 102,266 shares trading hands.

Edinburgh Investment Trading Up 0.7 %

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 company has a market capitalization of £1.11 billion, a PE ratio of 893.98 and a beta of 0.81. The stock has a fifty day moving average of GBX 741.04 and a 200 day moving average of GBX 745.03.

Edinburgh Investment Dividend Announcement

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

About Edinburgh Investment

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.