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

Edinburgh Investment (LON:EDIN)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 740.67 ($9.17) and traded as low as GBX 735 ($9.10). Edinburgh Investment shares last traded at GBX 744 ($9.21), with a volume of 68,182 shares trading hands.

Edinburgh Investment Trading Down 0.3 %

The stock has a market cap of £1.12 billion, a PE ratio of 903.61 and a beta of 0.81. 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 company has a 50 day moving average of GBX 740.85 and a two-hundred day moving average of GBX 745.85.

Edinburgh Investment Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st were given a GBX 6.90 ($0.09) dividend. This represents a dividend yield of 0.93%. The ex-dividend date was Thursday, October 31st. Edinburgh Investment’s dividend payout ratio (DPR) is presently 3,373.49%.

About Edinburgh Investment

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.