Edinburgh Investment (LON:EDIN) Sets New 1-Year High on Insider Buying Activity

Key Points

• Edinburgh Investment shares reached a new 52-week high following insider buying activity, with the stock trading at GBX 813 ($10.92) during mid-day trading.
• Insider Elisabeth Stheeman purchased 2,480 shares at an average price of GBX 802 ($10.78), totaling approximately £19,889.60 ($26,726.15).
• The company reports a return on equity of 16.15% and a net margin of 95.34%, indicating strong profitability.

Shares of Edinburgh Investment (LON:EDIN - Get Free Report) hit a new 52-week high during trading on Monday following insider buying activity. The stock traded as high as GBX 813 ($10.78) and last traded at GBX 810.30 ($10.74), with a volume of 10791 shares trading hands. The stock had previously closed at GBX 808 ($10.71).

Specifically, insider Elisabeth Stheeman purchased 2,480 shares of the company's stock in a transaction on Friday, July 25th. The shares were bought at an average price of GBX 802 ($10.63) per share, with a total value of £19,889.60 ($26,371.78).

Edinburgh Investment Stock Performance

The company has a current ratio of 32.12, a quick ratio of 3.88 and a debt-to-equity ratio of 10.12. The stock has a market capitalization of £1.16 billion, a PE ratio of 6.42 and a beta of 0.81. The firm's 50-day simple moving average is GBX 800.26 and its two-hundred day simple moving average is GBX 769.25.

Edinburgh Investment (LON:EDIN - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported GBX 25.02 ($0.33) earnings per share (EPS) for the quarter. Edinburgh Investment had a net margin of 95.34% and a return on equity of 16.15%.

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.