Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 1-Year High - Still a Buy?

Key Points

• Templeton Emerging Markets Investment Trust (LON:TEM) shares hit a new 52-week high of GBX 217.50 ($2.94) during mid-day trading.
• The investment trust has a market capitalization of £2.12 billion with a notably high price-to-earnings ratio of 1,514.62.
• Founded in June 1989, TEMIT primarily invests in emerging markets to achieve long-term capital growth for its shareholders.

Templeton Emerging Markets Investment Trust plc (LON:TEM - ) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 217.50 ($2.94) and last traded at GBX 217.50 ($2.94), with a volume of 1273950 shares trading hands. The stock had previously closed at GBX 216 ($2.92).

Templeton Emerging Markets Investment Trust Stock Up 0.7%

The stock has a market capitalization of £2.12 billion, a price-to-earnings ratio of 1,514.62 and a beta of 0.61. The firm's fifty day moving average is GBX 201.33 and its 200-day moving average is GBX 183.28. The company has a debt-to-equity ratio of 4.91, a current ratio of 1.47 and a quick ratio of 3.25.

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.

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