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MIGO Opportunities Trust (LON:MIGO) Sets New 1-Year High - Should You Buy?

MIGO Opportunities Trust logo with Financial Services background

MIGO Opportunities Trust plc (LON:MIGO - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as GBX 379 ($5.11) and last traded at GBX 377 ($5.08), with a volume of 97150 shares trading hands. The stock had previously closed at GBX 372 ($5.02).

MIGO Opportunities Trust Stock Performance

The company has a debt-to-equity ratio of 15.11, a quick ratio of 44.36 and a current ratio of 0.37. The firm's 50-day moving average price is GBX 349.45 and its two-hundred day moving average price is GBX 344.01. The firm has a market capitalization of £75.08 million, a price-to-earnings ratio of 9.10 and a beta of 0.51.

MIGO Opportunities Trust (LON:MIGO - Get Free Report) last issued its earnings results on Wednesday, July 9th. The company reported GBX 1.60 ($0.02) earnings per share for the quarter. MIGO Opportunities Trust had a net margin of 83.33% and a return on equity of 12.13%.

MIGO Opportunities Trust Company Profile

(Get Free Report)

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.

Further Reading

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