Dunedin Income Growth Investment Trust (LON:DIG) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• Dunedin Income Growth Investment Trust's share price recently surpassed its 50-day moving average of GBX 300.18 ($3.97) and was last traded at GBX 297 ($3.92), down by 0.7%.
• The company has a market cap of £395.89 million and maintains a high debt-to-equity ratio of 10.60, indicating significant leverage.
• Insider Arun Kumar Sarwal purchased 4,957 shares at an average of GBX 305 ($4.03), highlighting insider confidence as they own 19.26% of the company’s stock.

Shares of Dunedin Income Growth Investment Trust PLC (LON:DIG - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 300.18 ($3.99) and traded as high as GBX 302 ($4.01). Dunedin Income Growth Investment Trust shares last traded at GBX 297 ($3.95), with a volume of 78,101 shares trading hands.

Dunedin Income Growth Investment Trust Trading Up 0.3%

The company has a debt-to-equity ratio of 10.60, a quick ratio of 0.82 and a current ratio of 0.43. The stock has a market capitalization of £398.57 million, a PE ratio of 10.95 and a beta of 0.73. The stock has a 50-day moving average price of GBX 300.18 and a two-hundred day moving average price of GBX 290.

Insider Buying and Selling

In other news, insider Arun Kumar Sarwal acquired 4,957 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average cost of GBX 305 ($4.05) per share, with a total value of £15,118.85 ($20,094.17). Corporate insiders own 19.26% of the company's stock.

Dunedin Income Growth Investment Trust Company Profile

Targeting growth of income and capital from a portfolio invested mainly in companies listed or quoted in the United Kingdom that meet the Company's Sustainable and Responsible investing criteria