Edinburgh Investment (LON:EDIN) Reaches New 12-Month High - Should You Buy?

Edinburgh Investment (LON:EDIN - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 813 ($11.02) and last traded at GBX 808.75 ($10.96), with a volume of 113261 shares traded. The stock had previously closed at GBX 807 ($10.94).

Edinburgh Investment Trading Up 0.5%

The business has a 50 day simple moving average of GBX 760.11 and a 200 day simple moving average of GBX 754.49. The company has a debt-to-equity ratio of 10.12, a current ratio of 32.12 and a quick ratio of 3.88. The company has a market cap of £1.17 billion, a price-to-earnings ratio of 6.47 and a beta of 0.81.

Edinburgh Investment (LON:EDIN - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported GBX 25.02 ($0.34) EPS for the quarter. Edinburgh Investment had a return on equity of 16.15% and a net margin of 95.34%.

Edinburgh Investment Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 27th were paid a dividend of GBX 15.25 ($0.21) per share. This represents a dividend yield of 3.09%. This is an increase from Edinburgh Investment's previous dividend of $6.90. The ex-dividend date of this dividend was Thursday, March 27th. Edinburgh Investment's payout ratio is 22.40%.

About Edinburgh Investment

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.