MIGO Opportunities Trust (LON:MIGO) Stock Passes Above 50-Day Moving Average – Should You Sell?

MIGO Opportunities Trust plc (LON:MIGO) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 374.72 and traded as high as GBX 379. MIGO Opportunities Trust shares last traded at GBX 379, with a volume of 18,483 shares changing hands.

MIGO Opportunities Trust Price Performance

The stock has a market capitalization of £67.16 million, a P/E ratio of -19.68 and a beta of 0.51. The company has a debt-to-equity ratio of 15.11, a quick ratio of 44.36 and a current ratio of 0.37. The business has a fifty day simple moving average of GBX 374.72 and a 200-day simple moving average of GBX 364.58.

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.