Utilico Emerging Markets Trust (LON:UEM) Hits New 52-Week High – Here’s Why

Shares of Utilico Emerging Markets Trust PLC (LON:UEM) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 305 and last traded at GBX 298.62, with a volume of 10,069 shares changing hands. The stock had previously closed at GBX 295.90.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Utilico Emerging Markets Trust in a research report on Friday, June 19th.

Utilico Emerging Markets Trust Trading Down 0.7%

The firm has a 50-day moving average of GBX 282.66 and a 200 day moving average of GBX 284.46. The company has a market cap of £508.90 million, a P/E ratio of 4.63 and a beta of 0.39. The company has a current ratio of 1.09, a quick ratio of 0.41 and a debt-to-equity ratio of 3.96.

About Utilico Emerging Markets Trust

Utilico Emerging Markets Trust plc (“UEM”) is a UK closed-end investment trust which is uniquely focused on global infrastructure and utilities megatrends in emerging markets.

UEM’s objective is to provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets.

UEM’s focus is on the undeveloped and developing markets of Asia, Latin America, Emerging Europe and Africa, while maintaining the flexibility to invest in markets world-wide.