Templeton Emerging Markets Investment Trust (LON:TEM) Sets New 12-Month 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) hit a new 52-week high on Friday . The company traded as high as GBX 202.50 ($2.73) and last traded at GBX 201.92 ($2.72), with a volume of 876941 shares. The stock had previously closed at GBX 200.50 ($2.70).

Templeton Emerging Markets Investment Trust Price Performance

The firm has a market capitalization of £1.99 billion, a P/E ratio of 1,404.81 and a beta of 0.61. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47. The business has a 50 day simple moving average of GBX 196.94 and a two-hundred day simple moving average of GBX 180.47.

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

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.