Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 52-Week High – Here’s Why

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 183.80 ($2.49) and last traded at GBX 182.96 ($2.48), with a volume of 1773949 shares traded. The stock had previously closed at GBX 181.60 ($2.46).

Templeton Emerging Markets Investment Trust Price Performance

The company has a debt-to-equity ratio of 4.91, a current ratio of 1.47 and a quick ratio of 3.25. The stock has a market capitalization of £1.88 billion, a price-to-earnings ratio of 14.45 and a beta of 0.61. The company has a 50-day simple moving average of GBX 169.02 and a two-hundred day simple moving average of GBX 169.10.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its quarterly earnings results on Friday, June 6th. The company reported GBX 5.41 ($0.07) EPS for the quarter. Templeton Emerging Markets Investment Trust had a net margin of 81.07% and a return on equity of 7.07%.

Insider Buying and Selling at Templeton Emerging Markets Investment Trust

In other Templeton Emerging Markets Investment Trust news, insider Sarika Patel purchased 7,089 shares of the stock in a transaction dated Wednesday, April 9th. The shares were bought at an average cost of GBX 154 ($2.09) per share, with a total value of £10,917.06 ($14,812.84). 0.60% of the stock is owned by company insiders.

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.