Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 166.57 ($2.22) and traded as high as GBX 175.80 ($2.34). Templeton Emerging Markets Investment Trust shares last traded at GBX 174.60 ($2.32), with a volume of 1,755,739 shares.
Templeton Emerging Markets Investment Trust Stock Performance
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 firm has a market cap of £1.83 billion, a price-to-earnings ratio of 14.06 and a beta of 0.61. The firm has a fifty day simple moving average of GBX 166.66 and a two-hundred day simple moving average of GBX 167.75.
Insiders Place Their Bets
In other news, insider Sarika Patel acquired 7,089 shares of Templeton Emerging Markets Investment Trust stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average cost of GBX 154 ($2.05) per share, for a total transaction of £10,917.06 ($14,517.37). Corporate insiders own 0.60% of the company's stock.
Templeton Emerging Markets Investment Trust Company Profile
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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.
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