Dunedin Income Growth Investment Trust (LON:DIG) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

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.

Dunedin Income Growth Investment Trust PLC (LON:DIG - )'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 300.18 ($3.97) and traded as high as GBX 302 ($3.99). Dunedin Income Growth Investment Trust shares last traded at GBX 297 ($3.92), with a volume of 78,101 shares trading hands.

Dunedin Income Growth Investment Trust Trading Down 0.7%

The company has a current ratio of 0.43, a quick ratio of 0.82 and a debt-to-equity ratio of 10.60. The firm has a 50-day moving average of GBX 300.18 and a 200 day moving average of GBX 289.40. The company has a market cap of £395.89 million, a P/E ratio of 10.87 and a beta of 0.73.

Insiders Place Their Bets

In related news, insider Arun Kumar Sarwal acquired 4,957 shares of the stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of GBX 305 ($4.03) per share, with a total value of £15,118.85 ($19,972.06). Company insiders own 19.26% of the company's stock.

About Dunedin Income Growth Investment Trust

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

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