The latest update is out from Edinburgh Investment Trust PLC ( (GB:EDIN) ).
Edinburgh Investment Trust PLC, a company actively engaged in managing investments, announced the repurchase of 50,000 of its ordinary shares on the London Stock Exchange through Investec Bank plc at an average price of 769.58p per share. The purchased shares will be held in treasury, affecting the company’s share capital and total number of shares with voting rights, which now stands at 144,556,025. This strategic move may impact the company’s stock liquidity and shareholder value, signaling a possible confidence in the company’s current valuation.
More about Edinburgh Investment Trust PLC
YTD Price Performance: 5.38%
Technical Sentiment Consensus Rating: Strong Sell
For a thorough assessment of EDIN stock, go to TipRanks’ Stock Analysis page.