Edinburgh Investment (LON:EDIN) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Edinburgh Investment (LON:EDIN) passed 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 trading hands.

Edinburgh Investment Stock Performance

The firm has a market cap of £1.09 billion, a P/E ratio of 880.72 and a beta of 0.81. 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 company’s 50-day moving average is GBX 742.27 and its two-hundred day moving average is GBX 746.61.

Edinburgh Investment Announces Dividend

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

Edinburgh Investment Company Profile

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.