Templeton Emerging Markets Investment Trust (LON:TEM) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 166.80 ($2.23) and traded as high as GBX 171 ($2.28). Templeton Emerging Markets Investment Trust shares last traded at GBX 170.61 ($2.28), with a volume of 1,691,546 shares trading hands.

Templeton Emerging Markets Investment Trust Stock Down 0.8 %

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 company's 50-day simple moving average is GBX 166.55 and its 200 day simple moving average is GBX 167.45. The firm has a market cap of £1.77 billion, a P/E ratio of 13.57 and a beta of 0.61.

Insider Activity

In other news, insider Sarika Patel purchased 7,089 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were acquired at an average price of GBX 154 ($2.06) per share, for a total transaction of £10,917.06 ($14,577.46). Insiders own 0.60% of the company's stock.

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.