Edinburgh Investment (LON:EDIN) Hits New 52-Week High - Here's What Happened

Shares of Edinburgh Investment (LON:EDIN - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 792 ($10.58) and last traded at GBX 791.72 ($10.57), with a volume of 13390 shares traded. The stock had previously closed at GBX 785 ($10.48).

Edinburgh Investment Price Performance

The business's 50 day simple moving average is GBX 746.28 and its two-hundred day simple moving average is GBX 748.25. The stock has a market capitalization of £1.15 billion, a P/E ratio of 6.35 and a beta of 0.81. The company has a quick ratio of 3.88, a current ratio of 32.12 and a debt-to-equity ratio of 10.12.

Edinburgh Investment Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 27th were paid a GBX 15.25 ($0.20) dividend. This represents a yield of 3.09%. This is a positive change from Edinburgh Investment's previous dividend of $6.90. The ex-dividend date was Thursday, March 27th. Edinburgh Investment's payout ratio is currently 22.40%.

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.