Mobius Investment Trust (LON:MMIT) Reaches New 12-Month High - Here's What Happened

Key Points

• Reached a 52-week high: MMIT traded as high as GBX 165.98 (last at GBX 163) on Wednesday with a volume of 135,047 shares, marking a new 12-month peak.
• Key technicals and valuation: the stock's 50-day and 200-day moving averages are GBX 144.19 and GBX 142.14 respectively, with a market cap of £107.08 million, a P/E of 16.35 and a beta of 0.67.
• Business profile and recent results: MMIT is a closed-ended trust investing in a high-conviction portfolio of 25–30 small-to-mid cap emerging and frontier market companies managed by MCP under Carlos Hardenberg, and it reported quarterly EPS of GBX 0.69 with a net margin of 83.66% and ROE of 10.93%.

Shares of Mobius Investment Trust plc (LON:MMIT - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 165.98 and last traded at GBX 163, with a volume of 135047 shares. The stock had previously closed at GBX 158.

Mobius Investment Trust Stock Performance

The stock has a 50 day moving average of GBX 144.19 and a 200-day moving average of GBX 142.14. The firm has a market capitalization of £107.08 million, a P/E ratio of 16.35 and a beta of 0.67.

Mobius Investment Trust (LON:MMIT - Get Free Report) last issued its earnings results on Monday, March 9th. The company reported GBX 0.69 earnings per share for the quarter. Mobius Investment Trust had a net margin of 83.66% and a return on equity of 10.93%.

About Mobius Investment Trust

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange LSE: MMIT. MMIT provides investors with access to a high conviction portfolio of 25-30 small to mid-cap companies, across emerging and frontier markets. The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).

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