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

Key Points

• Templeton Emerging Markets Investment Trust shares reached a new 52-week high of GBX 202 ($2.70) during trading, with the last price recorded at GBX 198.50 ($2.65).
• The company reported quarterly earnings of GBX 5.41 ($0.07) per share and boasts a net margin of 81.07% alongside a return on equity of 7.07%.
• With a market cap of £2.10 billion, the trust primarily invests in emerging markets to deliver long-term capital growth for its shareholders.

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 202 ($2.67) and last traded at GBX 198.50 ($2.62), with a volume of 2156503 shares. The stock had previously closed at GBX 199.05 ($2.63).

Templeton Emerging Markets Investment Trust Stock Down 1.4%

The firm has a fifty day moving average price of GBX 186.78 and a 200 day moving average price of GBX 175.15. 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 company has a market cap of £2.06 billion, a P/E ratio of 15.81 and a beta of 0.61.

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

Templeton Emerging Markets Investment Trust Company Profile

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.