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MIGO Opportunities Trust (LON:MIGO) Stock Price Crosses Below Fifty Day Moving Average - Should You Sell?

MIGO Opportunities Trust logo with Financial Services background

Key Points

  • MIGO Opportunities Trust stock price fell below its 50-day moving average of GBX 370.71, closing at GBX 370 with a trading volume of 16,006 shares.
  • The company's market cap is £68.76 million, with an unusual P/E ratio of -1,947.37 and strong liquidity metrics including a quick ratio of 44.36.
  • In its last earnings report, MIGO Opportunities Trust achieved an EPS of GBX 1.60, reflecting a return on equity of 12.13% and a net margin of 83.33%.
  • Five stocks we like better than MIGO Opportunities Trust.

MIGO Opportunities Trust plc (LON:MIGO - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 370.71 ($5.05) and traded as low as GBX 370 ($5.04). MIGO Opportunities Trust shares last traded at GBX 370 ($5.04), with a volume of 16,006 shares traded.

MIGO Opportunities Trust Stock Up 1.6%

The firm has a market cap of £69.69 million, a price-to-earnings ratio of -1,973.68 and a beta of 0.51. The business's 50 day moving average price is GBX 370.59 and its 200 day moving average price is GBX 350.70. The company has a debt-to-equity ratio of 15.11, a quick ratio of 44.36 and a current ratio of 0.37.

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