Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 1-Year High - Time to Buy?

Key Points

• Templeton Emerging Markets Investment Trust (LON:TEM) reached a new 52-week high with shares trading at GBX 213 ($2.91) during the session, marking significant upward movement.
• The investment trust has a market capitalization of £2.08 billion and a notably high price-to-earnings ratio of 1,479.81, indicating strong investor interest but potentially overvalued stock.
• Founded in 1989, TEMIT primarily focuses on investments in emerging markets to achieve long-term capital growth for its predominantly UK-based shareholders.

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 213 ($2.87) and last traded at GBX 212.03 ($2.86), with a volume of 2626454 shares. The stock had previously closed at GBX 211.50 ($2.85).

Templeton Emerging Markets Investment Trust Price Performance

The company's fifty day moving average is GBX 200.88 and its two-hundred day moving average is GBX 182.91. The firm has a market capitalization of £2.10 billion, a price-to-earnings ratio of 1,497.49 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.

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.