Utilico Emerging Markets Trust (LON:UEM) Shares Pass Below 200 Day Moving Average - Here's What Happened

Key Points

• Utilico Emerging Markets Trust shares fell below their 200-day moving average of GBX 283.80, trading as low as GBX 276 and last changing hands at GBX 279.
• The trust reported quarterly EPS of GBX 13.57 and revenue of GBX 3,068 million, while Shore Capital Group reiterated its “house stock” rating.
• Insiders purchased 9,076 shares worth approximately $2.59 million during the last quarter, including purchases by Mark Bridgeman and Isabel Liu.

Utilico Emerging Markets Trust PLC (LON:UEM - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 283.80 and traded as low as GBX 276. Utilico Emerging Markets Trust shares last traded at GBX 279, with a volume of 411,046 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a "house stock" rating on shares of Utilico Emerging Markets Trust in a research note on Friday, June 19th.

Utilico Emerging Markets Trust Trading Down 1.1%

The stock has a market cap of £482.05 million, a P/E ratio of 4.36 and a beta of 0.39. The company has a current ratio of 1.09, a quick ratio of 0.41 and a debt-to-equity ratio of 3.96. The stock's fifty day moving average price is GBX 282.85 and its 200 day moving average price is GBX 283.80.

Utilico Emerging Markets Trust (LON:UEM - Get Free Report) last issued its quarterly earnings results on Friday, June 19th. The company reported GBX 13.57 earnings per share (EPS) for the quarter. Utilico Emerging Markets Trust had a net margin of 90.43% and a return on equity of 21.74%. The company had revenue of GBX 3,068 million during the quarter.

Insider Buying and Selling at Utilico Emerging Markets Trust

In other Utilico Emerging Markets Trust news, insider Mark Bridgeman bought 4,020 shares of the stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of GBX 284 per share, for a total transaction of £11,416.80. Also, insider Isabel Liu purchased 2,306 shares of the company's stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of GBX 287 per share, for a total transaction of £6,618.22. Over the last quarter, insiders acquired 9,076 shares of company stock valued at $2,590,002. Corporate insiders own 1.74% of the company's stock.

Utilico Emerging Markets Trust Company Profile

Utilico Emerging Markets Trust plc ("UEM") is a UK closed-end investment trust which is uniquely focused on global infrastructure and utilities megatrends in emerging markets. UEM's objective is to provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets. UEM's focus is on the undeveloped and developing markets of Asia, Latin America, Emerging Europe and Africa, while maintaining the flexibility to invest in markets world-wide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.