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

Edinburgh Investment (LON:EDIN)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 740.67 ($9.17) and traded as low as GBX 735 ($9.10). Edinburgh Investment shares last traded at GBX 744 ($9.21), with a volume of 68,182 shares trading hands.

Edinburgh Investment Stock Down 0.3 %

The firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of 903.61 and a beta of 0.81. The company has a debt-to-equity ratio of 10.57, a current ratio of 7.29 and a quick ratio of 3.88. The business has a fifty day moving average price of GBX 740.85 and a two-hundred day moving average price of GBX 745.85.

Edinburgh Investment Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Investors 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 yield of 0.93%. Edinburgh Investment’s dividend payout ratio (DPR) is presently 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.