Edinburgh Investment (LON:EDIN) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Edinburgh Investment (LON:EDIN)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 741.87 ($9.13) and traded as low as GBX 733 ($9.02). Edinburgh Investment shares last traded at GBX 741 ($9.12), with a volume of 246,904 shares changing hands.

Edinburgh Investment Price Performance

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 stock has a market cap of £1.10 billion, a P/E ratio of 885.24 and a beta of 0.81. The company’s 50 day simple moving average is GBX 741.87 and its 200 day simple moving average is GBX 746.51.

Edinburgh Investment Dividend Announcement

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

About Edinburgh Investment

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.