Mobius Investment Trust (LON:MMIT) Hits New 1-Year High – What’s Next?

Mobius Investment Trust plc (LON:MMIT) hit a new 52-week high on Wednesday . The company traded as high as GBX 158 and last traded at GBX 152.50, with a volume of 91063 shares. The stock had previously closed at GBX 153.

Mobius Investment Trust Stock Performance

The stock has a fifty day simple moving average of GBX 143.54 and a 200-day simple moving average of GBX 141.89. The stock has a market cap of £100.18 million, a P/E ratio of 15.30 and a beta of 0.67.

Mobius Investment Trust (LON:MMIT) last issued its quarterly earnings results on Monday, March 9th. The company reported GBX 0.69 EPS for the quarter. Mobius Investment Trust had a return on equity of 10.93% and a net margin of 83.66%.

About Mobius Investment Trust

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange (LSE: MMIT).

MMIT provides investors with access to a high conviction portfolio of 25-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).