Edinburgh Worldwide (LON:EWI) Stock Price Passes Above 50 Day Moving Average - What's Next?

Key Points

• Edinburgh Worldwide's share price has recently crossed above its fifty-day moving average of GBX 180.36, reaching a high of GBX 194.20 during trading.
• The company reported a net margin of 90.88% and a return on equity of 11.47% in its last quarterly earnings.
• Edinburgh Worldwide invests in a global portfolio of entrepreneurial companies, typically with a market capitalization of less than $5 billion, aiming for long-term capital growth.

Edinburgh Worldwide (LON:EWI - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 180.36 ($2.44) and traded as high as GBX 194.20 ($2.63). Edinburgh Worldwide shares last traded at GBX 193.90 ($2.62), with a volume of 350,054 shares changing hands.

Edinburgh Worldwide Trading Up 2.2%

The firm has a fifty day simple moving average of GBX 181.75 and a 200 day simple moving average of GBX 169.97. The stock has a market cap of £714.00 million, a price-to-earnings ratio of 10.17 and a beta of 0.78.

Edinburgh Worldwide (LON:EWI - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported GBX (0.85) EPS for the quarter. Edinburgh Worldwide had a net margin of 90.88% and a return on equity of 11.47%.

About Edinburgh Worldwide

The Trust aims for capital growth from a global portfolio of initially immature entrepreneurial companies, typically with a market capitalisation of less than $5bn at time of initial investment, which are believed to offer long-term growth potential (over at least five years). The portfolio does not seek to track the comparative index, hence a degree of volatility against companies index is inevitable.