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Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 52-Week High - Should You Buy?

Templeton Emerging Markets Investment Trust logo with Financial Services background

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 192 ($2.61) and last traded at GBX 192.02 ($2.61), with a volume of 3020276 shares changing hands. The stock had previously closed at GBX 190 ($2.58).

Templeton Emerging Markets Investment Trust Price Performance

The company has a 50 day moving average of GBX 178.44 and a 200-day moving average of GBX 171.51. The stock has a market capitalization of £2.00 billion, a P/E ratio of 15.33 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 (LON:TEM - Get Free Report) last announced its quarterly earnings data 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%.

About Templeton Emerging Markets Investment Trust

(Get Free Report)

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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