Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 12-Month High – What’s Next?

Templeton Emerging Markets Investment Trust plc (LON:TEMGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 342.50 and last traded at GBX 337.50, with a volume of 2841924 shares trading hands. The stock had previously closed at GBX 331.62.

Templeton Emerging Markets Investment Trust Price Performance

The stock has a market capitalization of £3.18 billion, a P/E ratio of 6.86 and a beta of 1.08. The company’s 50 day simple moving average is GBX 285.27 and its two-hundred day simple moving average is GBX 262.34.

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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