Edinburgh Investment (LON:EDIN) Hits New 52-Week Low – Here’s What Happened

Shares of Edinburgh Investment (LON:EDIN) hit a new 52-week low on Tuesday . The company traded as low as GBX 583 and last traded at GBX 851.07, with a volume of 3628823 shares. The stock had previously closed at GBX 850.

Edinburgh Investment Stock Performance

The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33. The company has a 50 day simple moving average of GBX 811.40 and a 200-day simple moving average of GBX 801.56. The stock has a market capitalization of £1.08 billion, a price-to-earnings ratio of 15.29 and a beta of 0.96.

Edinburgh Investment (LON:EDIN) last posted its quarterly earnings results on Thursday, May 21st. The company reported GBX 26.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 4,075 million for the quarter. Edinburgh Investment had a return on equity of 7.03% and a net margin of 89.72%.

Insider Buying and Selling at Edinburgh Investment

In related news, insider Elisabeth Stheeman acquired 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of GBX 795 per share, for a total transaction of £9,937.50. Corporate insiders own 0.37% of the company’s stock.

About Edinburgh Investment

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. Growth in dividends per share in excess of the rate of UK inflation. It is managed by Imran Sattar, with Emily Barnard being the Deputy Manager. He constructs a high conviction portfolio of c.40 holdings based on fundamental company research.