Templeton Emerging Markets Investment Trust (LON:TEM) Sets New 12-Month High - Here's Why

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 194 ($2.62) and last traded at GBX 193.46 ($2.61), with a volume of 1173856 shares traded. The stock had previously closed at GBX 192.26 ($2.59).

Templeton Emerging Markets Investment Trust Stock Up 0.6%

The stock has a 50-day moving average of GBX 179.91 and a 200-day moving average of GBX 172.11. The company has a quick ratio of 3.25, a current ratio of 1.47 and a debt-to-equity ratio of 4.91. The company has a market cap of £2.02 billion, a PE ratio of 15.51 and a beta of 0.61.

Templeton Emerging Markets Investment Trust (LON:TEM - Get Free Report) last released its quarterly earnings results on Friday, June 6th. The company reported GBX 5.41 ($0.07) 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.

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