Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 1-Year High - Time to Buy?

Key Points

• Templeton Emerging Markets Investment Trust reached a new 52-week high, trading at GBX 207.50 ($2.81), with a significant volume of 2,914,546 shares.
• The company has a market cap of £2.03 billion and a high price-to-earnings ratio of 1,450.32, indicating significant investor expectations for growth.
• Founded in 1989, the trust primarily invests in emerging market companies to deliver long-term capital growth for its shareholders.

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 207.50 ($2.82) and last traded at GBX 207.24 ($2.82), with a volume of 2914546 shares changing hands. The stock had previously closed at GBX 205.50 ($2.80).

Templeton Emerging Markets Investment Trust Trading Up 0.3%

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 stock has a market capitalization of £2.07 billion, a P/E ratio of 1,476.53 and a beta of 0.61. The firm's fifty day simple moving average is GBX 199.14 and its 200 day simple moving average is GBX 181.82.

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.