Templeton Emerging Markets Investment Trust (LON:TEM) Shares Cross Above 50 Day Moving Average - Should You Sell?

Key Points

• Templeton Emerging Markets Investment Trust shares recently crossed above their 50-day moving average, trading at GBX 200.50 ($2.69) with a high of GBX 201.55 ($2.71).
• The company has a market capitalization of £1.97 billion and reported a quarterly earnings per share (EPS) of GBX 5.41, reflecting a strong net margin of 81.07%.
• Founded in 1989, the trust primarily invests in emerging markets, aiming for long-term capital growth, with shares listed on both the London and New Zealand Stock Exchanges.

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 196.37 ($2.65) and traded as high as GBX 201.55 ($2.72). Templeton Emerging Markets Investment Trust shares last traded at GBX 200.50 ($2.70), with a volume of 4,976,292 shares changing hands.

Templeton Emerging Markets Investment Trust Trading Up 0.8%

The company has a market cap of £1.99 billion, a price-to-earnings ratio of 1,416.57 and a beta of 0.61. The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91. The stock has a 50-day simple moving average of GBX 196.94 and a 200 day simple moving average of GBX 180.47.

Templeton Emerging Markets Investment Trust (LON:TEM - Get Free Report) last posted its quarterly earnings results on Friday, June 6th. The company reported GBX 5.41 earnings per share (EPS) for the quarter. Templeton Emerging Markets Investment Trust had a return on equity of 7.07% and a net margin of 81.07%.

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.