Mobius Investment Trust (LON:MMIT) Trading Down 0.7% - Time to Sell?

Key Points

• Shares of Mobius Investment Trust (LON:MMIT) fell by 0.7% during trading, closing at GBX 145 ($1.97) with a significant drop in trading volume.
• The company has a market capitalization of £167.36 million and reported a negative price-to-earnings ratio of -3,994.49 in its latest performance metrics.
• Mobius Investment Trust focuses on a high conviction portfolio of 20-30 small to mid-cap companies across emerging and frontier markets, managed by Mobius Capital Partners LLP.

Shares of Mobius Investment Trust plc (LON:MMIT - Get Free Report) dropped 0.7% during mid-day trading on Monday . The company traded as low as GBX 144.50 ($1.97) and last traded at GBX 145 ($1.97). Approximately 42,233 shares traded hands during trading, a decline of 79% from the average daily volume of 205,312 shares. The stock had previously closed at GBX 146 ($1.99).

Mobius Investment Trust Stock Performance

The stock has a market capitalization of £167.36 million, a price-to-earnings ratio of -3,994.49 and a beta of 0.74. The firm has a fifty day moving average of GBX 141.07 and a 200-day moving average of GBX 133.34.

Mobius Investment Trust (LON:MMIT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported GBX 0.18 earnings per share (EPS) for the quarter. Mobius Investment Trust had a return on equity of 10.49% and a net margin of 81.04%.

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 20-30 small to mid-cap companies, across emerging and frontier markets. The London listed investment trust will be managed by Mobius Capital Partners LLP (“MCP”), an investment manager launched in May 2018 by Mark Mobius, Carlos Hardenberg and Greg Konieczny.

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