Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 12-Month High - What's Next?

Key Points

• The Templeton Emerging Markets Investment Trust's share price reached a new 52-week high at GBX 227.50 ($3.05) during trading, with a total of 5,275,145 shares exchanged.
• The trust has a significant market cap of £2.20 billion and reports a high P/E ratio of 1,580.78.
• Established in June 1989, the investment trust primarily focuses on long-term capital growth through investments in emerging markets companies.

Templeton Emerging Markets Investment Trust plc (LON:TEM - )'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 227.50 ($3.05) and last traded at GBX 226.72 ($3.04), with a volume of 5275145 shares traded. The stock had previously closed at GBX 224 ($3.01).

Templeton Emerging Markets Investment Trust Stock Up 1.3%

The stock has a market cap of £2.20 billion, a P/E ratio of 1,580.78 and a beta of 0.61. The company has a quick ratio of 3.25, a current ratio of 1.47 and a debt-to-equity ratio of 4.91. The business has a 50-day simple moving average of GBX 210.22 and a 200-day simple moving average of GBX 189.76.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.