MIGO Opportunities Trust (LON:MIGO) Reaches New 52-Week High - Still a Buy?

Key Points

• MIGO Opportunities Trust plc shares reached a new 52-week high at GBX 383 ($5.13) during mid-day trading.
• The company's market capitalization is £69.02 million, with a debt-to-equity ratio of 15.11 and a negative price-to-earnings ratio of -19.84.
• MIGO aims to outperform the Sterling Overnight Interbank Average (SONIA) rate by 2% over the long term, primarily investing in closed-end funds on the London Stock Exchange.

Shares of MIGO Opportunities Trust plc (LON:MIGO - ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 383 ($5.13) and last traded at GBX 377 ($5.05), with a volume of 63846 shares. The stock had previously closed at GBX 380.50 ($5.10).

MIGO Opportunities Trust Stock Down 0.9%

The firm's fifty day simple moving average is GBX 371.70 and its two-hundred day simple moving average is GBX 355.71. The company has a current ratio of 0.37, a quick ratio of 44.36 and a debt-to-equity ratio of 15.11. The company has a market capitalization of £69.02 million, a price-to-earnings ratio of -19.84 and a beta of 0.51.

MIGO Opportunities Trust Company Profile

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds. The Company invests in closed-end investment funds traded on the London Stock Exchange's Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.

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