Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 1-Year High - Here's Why

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) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 207.50 ($2.81) and last traded at GBX 207.24 ($2.81), with a volume of 2914546 shares traded. The stock had previously closed at GBX 205.50 ($2.79).

Templeton Emerging Markets Investment Trust Stock Up 0.5%

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's fifty day moving average is GBX 198.72 and its 200-day moving average is GBX 181.51. The company has a market cap of £2.05 billion, a PE ratio of 1,462.88 and a beta of 0.61.

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.