Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s share price 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 trading hands.

Templeton Emerging Markets Investment Trust Trading Up 0.8 %

The stock’s 50 day simple moving average is GBX 170.36 and its 200 day simple moving average is 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 debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47.

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

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.