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

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 188.20 ($2.58) and last traded at GBX 187.34 ($2.57), with a volume of 3316729 shares changing hands. The stock had previously closed at GBX 184.40 ($2.53).

Templeton Emerging Markets Investment Trust Stock Performance

The company has a market capitalization of £1.96 billion, a P/E ratio of 15.01 and a beta of 0.61. The stock has a fifty day simple moving average of GBX 174.63 and a 200-day simple moving average of GBX 170.42. 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 issued 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%.

Insider Activity

In other Templeton Emerging Markets Investment Trust news, insider Sarika Patel bought 7,089 shares of the stock in a transaction dated Wednesday, April 9th. The stock was bought at an average cost of GBX 154 ($2.11) per share, for a total transaction of £10,917.06 ($14,981.56). 0.60% of the stock is currently owned by corporate insiders.

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.