Utilico Emerging Markets Trust (LON:UEM) Hits New 52-Week High on Insider Buying Activity

Utilico Emerging Markets Trust PLC (LON:UEM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as GBX 244 ($3.33) and last traded at GBX 243 ($3.32), with a volume of 108527 shares changing hands. The stock had previously closed at GBX 244 ($3.33).

Specifically, insider Nadya Wells acquired 3,290 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was bought at an average cost of GBX 244 ($3.33) per share, with a total value of £8,027.60 ($10,962.17). Also, insider Mark Bridgeman bought 4,675 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were acquired at an average cost of GBX 243 ($3.32) per share, for a total transaction of £11,360.25 ($15,513.11). In other Utilico Emerging Markets Trust news, insider Eric St Clair Stobart purchased 3,250 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 242 ($3.30) per share, with a total value of £7,865 ($10,740.13).

Utilico Emerging Markets Trust Stock Performance

The stock has a market capitalization of £457.99 million, a price-to-earnings ratio of 22.04 and a beta of 0.59. The company's fifty day simple moving average is GBX 232.13 and its 200 day simple moving average is GBX 220.29. The company has a quick ratio of 0.41, a current ratio of 0.90 and a debt-to-equity ratio of 3.90.

Utilico Emerging Markets Trust (LON:UEM - Get Free Report) last announced its quarterly earnings results on Friday, June 13th. The company reported GBX 9.95 ($0.14) EPS for the quarter. Utilico Emerging Markets Trust had a net margin of 63.48% and a return on equity of 4.12%.

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.