Edinburgh Investment (LON:EDIN) Share Price Crosses Below 50 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 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 changing hands.

Edinburgh Investment Trading Down 1.6 %

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 stock has a market capitalization of £1.07 billion, a P/E ratio of 880.72 and a beta of 0.81. The company has a 50-day moving average price of GBX 750.86 and a 200 day moving average price of GBX 740.06.

Edinburgh Investment Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be paid a GBX 6.90 ($0.09) dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 0.93%. 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.