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MIGO Opportunities Trust (LON:MIGO) Stock Price Passes Below Fifty Day Moving Average - Here's Why

MIGO Opportunities Trust logo with Financial Services background

Key Points

  • The stock price of MIGO Opportunities Trust plc (LON:MIGO) has fallen below its 50-day moving average, which is currently at GBX 371.14 ($4.99), with the shares trading at GBX 367 ($4.93).
  • MIGO has a high debt-to-equity ratio of 15.11 and a notably low current ratio of 0.37, which may indicate potential financial instability.
  • The company aims to outperform the Sterling Overnight Interbank Average (SONIA) by a greater margin through investing in various closed-end and open-ended investment funds.
  • MarketBeat previews top five stocks to own in October.

MIGO Opportunities Trust plc (LON:MIGO - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 371.14 ($5.02) and traded as low as GBX 367 ($4.96). MIGO Opportunities Trust shares last traded at GBX 367 ($4.96), with a volume of 5,310 shares traded.

MIGO Opportunities Trust Trading Down 0.4%

The company has a market cap of £68.57 million, a P/E ratio of -1,942.11 and a beta of 0.51. The business has a fifty day moving average price of GBX 371.09 and a 200-day moving average price of GBX 349.68. The company has a quick ratio of 44.36, a current ratio of 0.37 and a debt-to-equity ratio of 15.11.

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

About MIGO Opportunities Trust

(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.

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