Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 1-Year High - Here's What Happened

Key Points

• Templeton Emerging Markets Investment Trust (LON:TEM) reached a new 52-week high at GBX 202.50, closing slightly lower at GBX 201.92 with significant trading volume of 876,941 shares.
• The company reported a strong net margin of 81.07% and earnings per share of GBX 5.41 for the last quarter.
• Templeton Emerging Markets has a market capitalization of £1.98 billion and has been focused on delivering long-term capital growth in emerging markets since its launch in 1989.

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as GBX 202.50 ($2.74) and last traded at GBX 201.92 ($2.73), with a volume of 876941 shares traded. The stock had previously closed at GBX 200.50 ($2.71).

Templeton Emerging Markets Investment Trust Stock Up 0.8%

The firm has a market capitalization of £2.02 billion, a price-to-earnings ratio of 1,443.18 and a beta of 0.61. The stock has a 50 day moving average of GBX 197.60 and a 200 day moving average of GBX 180.82. The company has a quick ratio of 3.25, a current ratio of 1.47 and a debt-to-equity ratio of 4.91.

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.