MIGO Opportunities Trust (LON:MIGO) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 354.06 ($4.36) and traded as low as GBX 351 ($4.32). MIGO Opportunities Trust shares last traded at GBX 351 ($4.32), with a volume of 22,322 shares trading hands.

MIGO Opportunities Trust Stock Performance

The firm has a market capitalization of £73.78 million, a price-to-earnings ratio of 975.00 and a beta of 0.51. The firm’s 50-day moving average price is GBX 354.06 and its two-hundred day moving average price is GBX 355.13. The company has a debt-to-equity ratio of 6.12, a quick ratio of 44.36 and a current ratio of 0.63.

Insider Buying and Selling at MIGO Opportunities Trust

In related news, insider Ian Henderson acquired 2,938 shares of the company’s stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of GBX 355 ($4.37) per share, for a total transaction of £10,429.90 ($12,833.64). Company insiders own 17.83% of the company’s stock.

About MIGO Opportunities Trust

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds.

The Company invests in closed-end investment funds traded on the London Stock Exchange’s Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.