Mobius Investment Trust (LON:MMIT) Stock Price Down 1.4% - Time to Sell?

Key Points

• Shares fell 1.4% to GBX 136 on Monday, with mid-day volume of ~76,478 shares—an 87% drop versus the average daily volume of 591,839.
• The stock sits below its 50- and 200-day simple moving averages (~GBX 141.8), has a market cap of £89.34 million and a negative trailing P/E of -37.47, with a beta of 0.67.
• Mobius Investment Trust is a closed-ended trust focusing on 25–30 small- to mid-cap companies in emerging and frontier markets, managed by MCP with portfolio manager Carlos Hardenberg; last quarter EPS was GBX 0.69, with ROE 10.93% and net margin 83.66%.

Shares of Mobius Investment Trust plc (LON:MMIT - Get Free Report) dropped 1.4% during mid-day trading on Monday . The company traded as low as GBX 136 and last traded at GBX 136. Approximately 76,478 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 591,839 shares. The stock had previously closed at GBX 138.

Mobius Investment Trust Stock Performance

The company has a 50 day simple moving average of GBX 141.83 and a two-hundred day simple moving average of GBX 141.75. The firm has a market cap of £89.34 million, a PE ratio of -37.47 and a beta of 0.67.

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

Mobius Investment Trust Company Profile

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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