MIGO Opportunities Trust (LON:MIGO) Issues Earnings Results

MIGO Opportunities Trust (LON:MIGO) posted its quarterly earnings results on Tuesday. The company reported GBX 1.70 earnings per share for the quarter, Digital Look Earnings reports. MIGO Opportunities Trust had a return on equity of 12.13% and a net margin of 83.33%.

MIGO Opportunities Trust Stock Down 0.7%

Shares of LON:MIGO traded down GBX 2.50 during trading on Tuesday, reaching GBX 374. 30,969 shares of the stock were exchanged, compared to its average volume of 41,992. MIGO Opportunities Trust has a 1-year low of GBX 311 and a 1-year high of GBX 384. The stock has a fifty day moving average of GBX 375.10 and a two-hundred day moving average of GBX 369.45. The company has a debt-to-equity ratio of 15.11, a current ratio of 0.37 and a quick ratio of 44.36. The firm has a market cap of £66.16 million, a price-to-earnings ratio of -19.68 and a beta of 0.51.

MIGO Opportunities Trust Company Profile

MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.

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.