Templeton Emerging Markets Investment Trust (LON:TEM) Stock Passes Below Fifty Day Moving Average - Here's Why

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 168.11 ($2.24) and traded as low as GBX 161.80 ($2.16). Templeton Emerging Markets Investment Trust shares last traded at GBX 163 ($2.17), with a volume of 1,533,660 shares.

Templeton Emerging Markets Investment Trust Price Performance

The stock has a market cap of £1.73 billion, a price-to-earnings ratio of 13.25 and a beta of 0.61. The stock's 50 day moving average price is GBX 167.06 and its two-hundred day moving average price is GBX 167.40. The company has a quick ratio of 3.25, a current ratio of 1.47 and a debt-to-equity ratio of 4.91.

Insider Transactions at Templeton Emerging Markets Investment Trust

In other news, insider Sarika Patel purchased 7,089 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average cost of GBX 154 ($2.05) per share, with a total value of £10,917.06 ($14,546.38). 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.