MIGO Opportunities Trust (LON:MIGO) Reaches New 1-Year High – Here’s What Happened

Shares of MIGO Opportunities Trust plc (LON:MIGO) hit a new 52-week high on Thursday . The company traded as high as GBX 416 and last traded at GBX 410, with a volume of 58372 shares. The stock had previously closed at GBX 404.

MIGO Opportunities Trust Price Performance

The company has a debt-to-equity ratio of 15.11, a current ratio of 0.37 and a quick ratio of 44.36. The company has a 50-day simple moving average of GBX 381.85 and a 200-day simple moving average of GBX 375.71. The stock has a market cap of £71.17 million, a PE ratio of 10.60 and a beta of 0.51.

MIGO Opportunities Trust (LON:MIGO) last posted its quarterly earnings results on Tuesday, December 16th. The company reported GBX 1.70 earnings per share for the quarter. MIGO Opportunities Trust had a net margin of 83.33% and a return on equity of 12.13%.

About MIGO Opportunities Trust

MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds.

The Company invests in closed-end investment funds traded on the London Stock Exchange’s Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.