MIGO Opportunities Trust (LON:MIGO) Sets New 12-Month High - Still a Buy?

Key Points

• MIGO Opportunities Trust's stock reached a new 52-week high at GBX 379 ($5.13) during trading, closing at GBX 374 ($5.06).
• The company boasts a market cap of £74.48 million, with a notable net margin of 83.33% and a return on equity of 12.13%.
• MIGO aims to outperform the Sterling Overnight Interbank Average (SONIA) by 2% over the long term, primarily investing in closed-end funds on the London Stock Exchange.

MIGO Opportunities Trust plc (LON:MIGO - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 379 ($5.13) and last traded at GBX 374 ($5.06), with a volume of 26456 shares changing hands. The stock had previously closed at GBX 375 ($5.07).

MIGO Opportunities Trust Trading Down 0.3%

The company has a market cap of £74.48 million, a price-to-earnings ratio of 9.03 and a beta of 0.51. 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 business's 50 day moving average price is GBX 365.92 and its 200-day moving average price is GBX 347.08.

MIGO Opportunities Trust (LON:MIGO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 9th. The company reported GBX 1.60 ($0.02) EPS 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

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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