MIGO Opportunities Trust (LON:MIGO) Trading Down 0.5% - Here's Why

Key Points

• MIGO Opportunities Trust shares fell by 0.5% to GBX 376 ($5.02) as of Wednesday, with trading volume increasing significantly by 112% from the average.
• The company has a market capitalization of £68.84 million, a debt-to-equity ratio of 15.11, and a negative PE ratio of -19.79.
• MIGO aims to outperform the Sterling Overnight Interbank Average by 2% over the long term by investing mainly in closed-end funds traded on recognized stock exchanges.

MIGO Opportunities Trust plc (LON:MIGO - )'s stock price fell 0.5% on Wednesday . The stock traded as low as GBX 376 ($5.02) and last traded at GBX 376 ($5.02). 86,959 shares were traded during trading, an increase of 112% from the average session volume of 41,104 shares. The stock had previously closed at GBX 378 ($5.05).

MIGO Opportunities Trust Price 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 company's fifty day simple moving average is GBX 371.74 and its two-hundred day simple moving average is GBX 356. The stock has a market capitalization of £68.84 million, a PE ratio of -19.79 and a beta of 0.51.

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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