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

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 166.77 ($2.25) and traded as high as GBX 173.05 ($2.34). Templeton Emerging Markets Investment Trust shares last traded at GBX 172.64 ($2.33), with a volume of 2,493,796 shares.

Templeton Emerging Markets Investment Trust Trading Down 0.5%

The company has a 50 day simple moving average of GBX 166.71 and a 200 day simple moving average of GBX 168.06. The company has a market capitalization of £1.80 billion, a PE ratio of 13.77 and a beta of 0.61. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47.

Insider Buying and Selling

In other Templeton Emerging Markets Investment Trust news, insider Sarika Patel acquired 7,089 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average cost of GBX 154 ($2.08) per share, for a total transaction of £10,917.06 ($14,752.78). 0.60% of the stock is owned by company 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.