Dunedin Enterprise Investment Trust (LON:DNE) Share Price Passes Below Fifty Day Moving Average of $363.22

Dunedin Enterprise Investment Trust Plc (LON:DNE)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $363.22 and traded as low as $356.00. Dunedin Enterprise Investment Trust shares last traded at $356.00, with a volume of 1,544 shares changing hands.

The company has a market cap of $75.76 million and a price-to-earnings ratio of 12.57. The firm’s 50 day moving average price is GBX 363.80.

The business also recently announced a dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th were paid a GBX 25 ($0.33) dividend. This represents a dividend yield of 6.83%. The ex-dividend date of this dividend was Monday, June 10th. This is a positive change from Dunedin Enterprise Investment Trust’s previous dividend of $2.00. Dunedin Enterprise Investment Trust’s dividend payout ratio is 0.24%.

In other Dunedin Enterprise Investment Trust news, insider Brian Finlayson acquired 9,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was acquired at an average price of GBX 381 ($4.98) per share, with a total value of £34,290 ($44,805.96). Also, insider Angela Lane acquired 2,630 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average cost of GBX 378 ($4.94) per share, with a total value of £9,941.40 ($12,990.20). In the last 90 days, insiders bought 14,128 shares of company stock worth $5,317,424.

Dunedin Enterprise Investment Trust Company Profile (LON:DNE)

Dunedin Enterprise Investment Trust PLC is a United Kingdom-based investment trust. The Company specializes in the provision of private equity finance. The Company’s objective is to target a rate of return on equity of approximately 8% per annum over the long-term. The Company aims to achieve its investment objective by investing principally in private equity funds.

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