Edinburgh Investment (LON:EDIN) Stock Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Edinburgh Investment shares fell below their 50-day moving average of GBX 799.21, trading as low as GBX 790 on Friday, reflecting a significant price drop.
• The company has a market cap of £1.12 billion and a notable P/E ratio of 1,370.41, indicating a high premium on its earnings.
• Insider Elisabeth Stheeman purchased 2,480 shares at an average price of GBX 802 each, demonstrating confidence in the company amid its current market challenges.

Edinburgh Investment (LON:EDIN - Get Free Report)'s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 799.21 ($10.80) and traded as low as GBX 790 ($10.68). Edinburgh Investment shares last traded at GBX 791 ($10.69), with a volume of 610,907 shares changing hands.

Edinburgh Investment Stock Performance

The stock has a market cap of £1.12 billion, a PE ratio of 1,368.68 and a beta of 0.81. The stock has a 50-day moving average price of GBX 799.07 and a two-hundred day moving average price of GBX 779.74. The company has a debt-to-equity ratio of 10.12, a current ratio of 32.12 and a quick ratio of 3.88.

Insider Buying and Selling at Edinburgh Investment

In other news, insider Elisabeth Stheeman acquired 2,480 shares of the business's stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of GBX 802 per share, for a total transaction of £19,889.60. 0.31% of the stock is currently owned by insiders.

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.