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MIGO Opportunities Trust (LON:MIGO) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

MIGO Opportunities Trust logo with Financial Services background

Key Points

  • MIGO Opportunities Trust stock price has fallen below its 50-day moving average of GBX 370.23, trading at GBX 367 ($4.93) during recent sessions.
  • The company has a high debt-to-equity ratio of 15.11 and a low current ratio of 0.37, indicating potential liquidity issues.
  • MIGO Opportunities Trust aims to outperform the Sterling Overnight Interbank Average plus 2% by investing primarily in closed-end investment funds on the London Stock Exchange.
  • Five stocks to consider instead of MIGO Opportunities Trust.

MIGO Opportunities Trust plc (LON:MIGO - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 370.23 ($4.98) and traded as low as GBX 367 ($4.93). MIGO Opportunities Trust shares last traded at GBX 370 ($4.98), with a volume of 49,297 shares.

MIGO Opportunities Trust Trading Down 0.2%

The stock's fifty day simple moving average is GBX 370.23 and its 200-day simple moving average is GBX 352.38. The company has a debt-to-equity ratio of 15.11, a current ratio of 0.37 and a quick ratio of 44.36. The firm has a market cap of £68.62 million, a PE ratio of -1,943.31 and a beta of 0.51.

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

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.

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