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

Edinburgh Investment (LON:EDIN)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 842.18 and traded as high as GBX 844. Edinburgh Investment shares last traded at GBX 835, with a volume of 298,167 shares changing hands.

Edinburgh Investment Price Performance

The stock has a market capitalization of £1.04 billion, a price-to-earnings ratio of 14.93 and a beta of 0.96. The business’s fifty day moving average price is GBX 842.18 and its 200-day moving average price is GBX 810.74. The company has a debt-to-equity ratio of 11.33, a current ratio of 4.21 and a quick ratio of 3.88.

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.