Templeton Emerging Markets Investment Trust (LON:TEM) Sets New 52-Week High - Still a Buy?

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 197.60 ($2.66) and last traded at GBX 196.63 ($2.64), with a volume of 943909 shares traded. The stock had previously closed at GBX 195.60 ($2.63).

Templeton Emerging Markets Investment Trust Stock Up 0.2%

The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91. The stock has a market cap of £2.08 billion, a P/E ratio of 15.96 and a beta of 0.61. The firm has a 50-day simple moving average of GBX 184.29 and a two-hundred day simple moving average of GBX 173.93.

Templeton Emerging Markets Investment Trust (LON:TEM - Get Free Report) last released its earnings results 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%.

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.