Edinburgh Worldwide (LON:EWI) Shares Cross Above 50-Day Moving Average - Here's What Happened

Key Points

• Edinburgh Worldwide's share price has risen above its 50-day moving average, trading at GBX 193.20 ($2.61) with a peak of GBX 193.80 ($2.62) during the day.
• The company reported a quarterly earnings per share of GBX (0.85) with a return on equity of 11.47% and a net margin of 90.88%.
• Edinburgh Worldwide focuses on capital growth from a global portfolio of emerging entrepreneurial companies, particularly those with a market capitalization of less than $5 billion.

Edinburgh Worldwide (LON:EWI - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 183.40 ($2.48) and traded as high as GBX 193.80 ($2.62). Edinburgh Worldwide shares last traded at GBX 193.20 ($2.61), with a volume of 353,699 shares traded.

Edinburgh Worldwide Trading Down 0.3%

The company has a market capitalization of £714.00 million, a PE ratio of 10.17 and a beta of 0.78. The stock's 50-day moving average is GBX 183.40 and its two-hundred day moving average is GBX 170.31.

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

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.

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