Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 1-Year High – Here’s What Happened

Templeton Emerging Markets Investment Trust plc (LON:TEMGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 267 and last traded at GBX 266, with a volume of 5737449 shares changing hands. The stock had previously closed at GBX 263.50.

Templeton Emerging Markets Investment Trust Price Performance

The company’s 50 day simple moving average is GBX 244.40 and its 200 day simple moving average is GBX 226.35. 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 market capitalization of £2.53 billion, a PE ratio of 5.40 and a beta of 0.61.

Templeton Emerging Markets Investment Trust (LON:TEMGet Free Report) last posted its quarterly earnings data on Monday, December 8th. The company reported GBX 3.33 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%.

Insider Buying and Selling

In related news, insider Sarika Patel acquired 3,599 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was bought at an average price of GBX 263 per share, with a total value of £9,465.37. 0.04% of the stock is owned by company insiders.

Templeton Emerging Markets Investment Trust Company Profile

(Get Free Report)

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.

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