Dunedin Income Growth Investment Trust (LON:DIG) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Dunedin Income Growth Investment Trust shares fell below the 50-day moving average, closing at GBX 291 ($3.91), with a trading volume of 312,845 shares.
• The company reported a market cap of £366.75 million and a P/E ratio of 1,225.94, indicating a potentially overvalued stock.
• In its recent quarterly earnings report, the Trust posted earnings per share of GBX 7.82 and a net margin of 88.71%.

Dunedin Income Growth Investment Trust PLC (LON:DIG - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 293.80 ($3.95) and traded as low as GBX 291 ($3.91). Dunedin Income Growth Investment Trust shares last traded at GBX 291 ($3.91), with a volume of 312,845 shares trading hands.

Dunedin Income Growth Investment Trust Price Performance

The company has a market cap of £366.75 million, a PE ratio of 1,225.94 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 0.43 and a debt-to-equity ratio of 10.60. The firm has a 50 day simple moving average of GBX 293.80 and a 200-day simple moving average of GBX 293.29.

Dunedin Income Growth Investment Trust (LON:DIG - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The company reported GBX 7.82 earnings per share for the quarter. Dunedin Income Growth Investment Trust had a return on equity of 8.64% and a net margin of 88.71%.

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

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