Templeton Emerging Markets Investment Trust (LON:TEM) Stock Passes Above 50 Day Moving Average – Here’s Why

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 170.36 ($2.21) and traded as high as GBX 172.80 ($2.24). Templeton Emerging Markets Investment Trust shares last traded at GBX 171.88 ($2.23), with a volume of 1,208,766 shares.

Templeton Emerging Markets Investment Trust Stock Up 0.8 %

The stock has a fifty day simple moving average of GBX 170.36 and a two-hundred day simple moving average of GBX 166.92. The firm has a market cap of £1.80 billion, a PE ratio of 13.78 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.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its quarterly earnings data on Monday, December 9th. The company reported GBX 3.60 ($0.05) EPS for the quarter. Templeton Emerging Markets Investment Trust had a net margin of 81.07% and a return on equity of 7.07%.

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.