Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 12-Month High - Here's Why

Key Points

• Templeton Emerging Markets Investment Trust (LON:TEM) achieved a new 12-month high, trading at GBX 202 ($2.74), with a closing price of GBX 199.59 ($2.71) on the latest trading day.
• The company's market capitalization stands at £2.09 billion, with a P/E ratio of 16.01 and a notably high net margin of 81.07% reported in its recent earnings.
• Launched in 1989, Templeton Emerging Markets Investment Trust primarily invests in emerging markets companies, aiming to deliver capital growth to its shareholders over the long term.

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 202 ($2.74) and last traded at GBX 199.59 ($2.71), with a volume of 556889 shares traded. The stock had previously closed at GBX 200.50 ($2.72).

Templeton Emerging Markets Investment Trust Stock Down 0.4%

The stock has a 50-day moving average of GBX 191.29 and a two-hundred day moving average of GBX 177.03. The company has a market cap of £2.09 billion, a P/E ratio of 16.01 and a beta of 0.61. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47.

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

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.

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