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

Shares of Edinburgh Investment (LON:EDIN) 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 traded.

Edinburgh Investment Price Performance

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

Edinburgh Investment Announces Dividend

The firm also recently announced 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. This represents a yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 31st. Edinburgh Investment’s dividend payout ratio (DPR) is currently 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.