Mobius Investment Trust (LON:MMIT) Reaches New 52-Week High – Should You Buy?

Mobius Investment Trust plc (LON:MMIT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 165.98 and last traded at GBX 163, with a volume of 135047 shares traded. The stock had previously closed at GBX 158.

Mobius Investment Trust Price Performance

The stock has a market capitalization of £107.08 million, a P/E ratio of 16.35 and a beta of 0.67. The stock has a fifty day moving average price of GBX 144.19 and a 200 day moving average price of GBX 142.14.

Mobius Investment Trust (LON:MMIT) last released its quarterly earnings data on Monday, March 9th. The company reported GBX 0.69 earnings per share (EPS) for the quarter. Mobius Investment Trust had a return on equity of 10.93% and a net margin of 83.66%.

Mobius Investment Trust Company Profile

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange (LSE: MMIT).

MMIT provides investors with access to a high conviction portfolio of 25-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).