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

Edinburgh Investment (LON:EDIN – Get Free Report) shares 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 changing hands. The stock had previously closed at GBX 853.

Edinburgh Investment Trading Up 0.5%

The firm has a market cap of £1.09 billion, a price-to-earnings ratio of 15.34 and a beta of 0.96. The company has a 50-day moving average price of GBX 810.30 and a 200 day moving average price of GBX 801.35. The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33.

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

Insider Buying and Selling

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

About Edinburgh Investment

(Get Free Report)

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.

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