Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 52-Week High - Should You Buy?

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 184.40 ($2.48) and last traded at GBX 184 ($2.47), with a volume of 997420 shares trading hands. The stock had previously closed at GBX 182.93 ($2.46).

Templeton Emerging Markets Investment Trust Stock Up 1.0%

The stock has a market cap of £1.94 billion, a PE ratio of 14.87 and a beta of 0.61. The firm has a fifty day moving average of GBX 171.83 and a 200 day moving average of GBX 169.72. The company has a quick ratio of 3.25, a current ratio of 1.47 and a debt-to-equity ratio of 4.91.

Templeton Emerging Markets Investment Trust (LON:TEM - Get Free Report) last posted its earnings results on Friday, June 6th. The company reported GBX 5.41 ($0.07) EPS for the quarter. Templeton Emerging Markets Investment Trust had a return on equity of 7.07% and a net margin of 81.07%.

Insider Activity

In other news, insider Sarika Patel bought 7,089 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average price of GBX 154 ($2.07) per share, for a total transaction of £10,917.06 ($14,655.74). Company insiders own 0.60% of the company's stock.

About Templeton Emerging Markets Investment Trust

Launched thirty years ago in June 1989, Templeton Emerging Markets Investment Trust PLC (“TEMIT”) is an investment trust that invests principally in emerging markets companies with the aim of delivering capital growth to shareholders over the long term. While the majority of the Company's shareholders are based in the UK, shares are quoted on both the London and New Zealand Stock Exchanges.