Edinburgh Investment (LON:EDIN) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Edinburgh Investment (LON:EDIN)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 750.86 ($9.74) and traded as low as GBX 724 ($9.39). Edinburgh Investment shares last traded at GBX 731 ($9.48), with a volume of 353,158 shares trading hands.

Edinburgh Investment Stock Performance

The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 880.72 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 firm has a fifty day simple moving average of GBX 750.86 and a two-hundred day simple moving average of GBX 740.06.

Edinburgh Investment Announces Dividend

The business also recently announced 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 is Thursday, October 31st. Edinburgh Investment’s dividend payout ratio (DPR) is presently 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.