Edinburgh Investment (LON:EDIN) Hits New 52-Week High – Time to Buy?

Shares of Edinburgh Investment (LON:EDIN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 860 and last traded at GBX 855, with a volume of 79967 shares. The stock had previously closed at GBX 853.

Edinburgh Investment Stock Performance

The firm’s fifty day moving average price is GBX 810.30 and its 200 day moving average price is GBX 801.35. The company has a current ratio of 4.21, a quick ratio of 3.88 and a debt-to-equity ratio of 11.33. The firm has a market capitalization of £1.09 billion, a PE ratio of 15.34 and a beta of 0.96.

Edinburgh Investment (LON:EDIN) last posted its quarterly earnings results on Thursday, May 21st. The company reported GBX 26.60 earnings per share for the quarter. Edinburgh Investment had a net margin of 89.72% and a return on equity of 7.03%. The business had revenue of GBX 4,075 million for the quarter.

Insider Buying and Selling

In other news, insider Elisabeth Stheeman bought 1,250 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of GBX 795 per share, with a total value of £9,937.50. 0.37% of the stock is owned by company insiders.

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. Growth in dividends per share in excess of the rate of UK inflation. It is managed by Imran Sattar, with Emily Barnard being the Deputy Manager. He constructs a high conviction portfolio of c.40 holdings based on fundamental company research.