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

Templeton Emerging Markets Investment Trust plc (LON:TEM) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 166.57 ($2.22) and traded as high as GBX 175.80 ($2.34). Templeton Emerging Markets Investment Trust shares last traded at GBX 174.60 ($2.32), with a volume of 1,755,739 shares traded.

Templeton Emerging Markets Investment Trust Trading Down 0.3%

The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47. The stock has a market capitalization of £1.83 billion, a P/E ratio of 14.05 and a beta of 0.61. The stock has a 50-day moving average price of GBX 166.57 and a two-hundred day moving average price of GBX 167.69.

Insider Activity at Templeton Emerging Markets Investment Trust

In other news, insider Sarika Patel bought 7,089 shares of Templeton Emerging Markets Investment Trust stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of GBX 154 ($2.05) per share, for a total transaction of £10,917.06 ($14,528.96). 0.60% of the stock is owned by corporate insiders.

Templeton Emerging Markets Investment Trust Company Profile

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.