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Edinburgh Investment (LON:EDIN) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Edinburgh Investment logo with Financial Services background

Shares of Edinburgh Investment (LON:EDIN - Get Free Report) passed 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 traded.

Edinburgh Investment Price Performance

The firm has a market capitalization of £1.07 billion, a PE ratio of 865.06 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's 50 day moving average is GBX 750.22 and its two-hundred day moving average is GBX 740.31.

Edinburgh Investment Dividend Announcement

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

About Edinburgh Investment

(Get Free Report)

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.

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