Edinburgh Investment (LON:EDIN) Shares Cross Below 50 Day Moving Average – Should You Sell?

Edinburgh Investment (LON:EDIN)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 741.87 ($9.06) and traded as low as GBX 733 ($8.95). Edinburgh Investment shares last traded at GBX 741 ($9.05), with a volume of 246,904 shares traded.

Edinburgh Investment Stock Performance

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 stock has a fifty day simple moving average of GBX 742.27 and a two-hundred day simple moving average of GBX 746.61. The stock has a market capitalization of £1.09 billion, a price-to-earnings ratio of 880.72 and a beta of 0.81.

Edinburgh Investment Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st were given a dividend of GBX 6.90 ($0.08) per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 0.93%. Edinburgh Investment’s dividend payout ratio (DPR) is presently 3,373.49%.

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.