Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 52-Week Low - Here's Why

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 148.20 ($1.94) and last traded at GBX 149.01 ($1.95), with a volume of 3265287 shares traded. The stock had previously closed at GBX 158.78 ($2.08).

Templeton Emerging Markets Investment Trust Stock Up 0.6 %

The company has a debt-to-equity ratio of 4.91, a current ratio of 1.47 and a quick ratio of 3.25. The business's fifty day moving average price is GBX 170.27 and its two-hundred day moving average price is GBX 168.05. The stock has a market capitalization of £1.64 billion, a PE ratio of 12.62 and a beta of 0.61.

Insider Buying and Selling at Templeton Emerging Markets Investment Trust

In other Templeton Emerging Markets Investment Trust news, insider Sarika Patel acquired 7,089 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost of GBX 154 ($2.02) per share, with a total value of £10,917.06 ($14,289.35). Company insiders own 0.60% of the company's stock.

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.