Edinburgh Investment (LON:EDIN) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of Edinburgh Investment (LON:EDIN) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 739.74 ($9.27) and traded as low as GBX 724.75 ($9.09). Edinburgh Investment shares last traded at GBX 729 ($9.14), with a volume of 1,188,539 shares trading hands.

Edinburgh Investment Trading Up 1.5 %

The company has a 50 day moving average of GBX 739.46 and a 200 day moving average of GBX 742.45. The company has a current ratio of 7.29, a quick ratio of 3.88 and a debt-to-equity ratio of 10.57. The firm has a market cap of £1.11 billion, a price-to-earnings ratio of 900.00 and a beta of 0.81.

Edinburgh Investment Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 31st will be paid a GBX 6.90 ($0.09) dividend. This represents a yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 31st. Edinburgh Investment’s dividend payout ratio is 3,373.49%.

Edinburgh Investment Company Profile

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.