MIGO Opportunities Trust (LON:MIGO) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 374.18 and traded as high as GBX 378.60. MIGO Opportunities Trust shares last traded at GBX 378.60, with a volume of 62,230 shares changing hands.

MIGO Opportunities Trust Stock Up 3.2%

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 50-day moving average of GBX 374.18 and a 200 day moving average of GBX 367.58. The stock has a market capitalization of £66.97 million, a price-to-earnings ratio of -19.93 and a beta of 0.51.

About MIGO Opportunities Trust

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.