Edinburgh Investment (LON:EDIN) Stock Passes 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 ($9.13) 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 has a market cap of £1.10 billion, a price-to-earnings ratio of 885.24 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 simple moving average of GBX 741.87 and a 200-day simple moving average of GBX 746.51.

Edinburgh Investment Dividend Announcement

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