Utilico Emerging Markets Trust (LON:UEM) Reaches New 12-Month High - What's Next?

Key Points

• Utilico Emerging Markets Trust PLC (LON:UEM) reached a new 52-week high at GBX 252 ($3.44) during mid-day trading, previously closing at GBX 248 ($3.39).
• The company has a market capitalization of £458.09 million and notable insider activity, with several executives purchasing shares recently, totaling over $2.7 million.
• Utilico focuses on investments in infrastructure and utilities in emerging markets, aiming for long-term total returns primarily in regions like Asia, Latin America, and Africa.

Utilico Emerging Markets Trust PLC (LON:UEM - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 252 ($3.39) and last traded at GBX 252 ($3.39), with a volume of 204889 shares changing hands. The stock had previously closed at GBX 248 ($3.34).

Utilico Emerging Markets Trust Trading Up 1.2%

The firm has a fifty day simple moving average of GBX 247.22 and a two-hundred day simple moving average of GBX 232.93. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.90 and a quick ratio of 0.41. The firm has a market capitalization of £459.91 million, a P/E ratio of -2,855.53 and a beta of 0.59.

Insider Buying and Selling at Utilico Emerging Markets Trust

In related news, insider Mark Bridgeman bought 4,675 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average price of GBX 243 per share, with a total value of £11,360.25. Also, insider Eric St Clair Stobart bought 3,250 shares of the stock in a transaction on Tuesday, July 1st. The shares were bought at an average price of GBX 242 per share, for a total transaction of £7,865. Insiders bought 11,215 shares of company stock valued at $2,725,285 in the last quarter. Company insiders own 1.58% of the company's stock.

About Utilico Emerging Markets Trust

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.