Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 1-Year High – Here’s What Happened

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 267 and last traded at GBX 266, with a volume of 5737449 shares. The stock had previously closed at GBX 263.50.

Templeton Emerging Markets Investment Trust Trading Up 0.8%

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 £2.53 billion, a PE ratio of 5.40 and a beta of 0.61. The business’s 50-day moving average is GBX 244.40 and its two-hundred day moving average is GBX 226.35.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its earnings results on Monday, December 8th. The company reported GBX 3.33 EPS for the quarter. Templeton Emerging Markets Investment Trust had a net margin of 81.07% and a return on equity of 7.07%.

Insiders Place Their Bets

In other Templeton Emerging Markets Investment Trust news, insider Sarika Patel bought 3,599 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was acquired at an average cost of GBX 263 per share, with a total value of £9,465.37. Corporate insiders own 0.04% of the company’s stock.

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.