Templeton Emerging Markets Investment Trust (LON:TEM) Hits New 12-Month High – What’s Next?

Templeton Emerging Markets Investment Trust plc (LON:TEM) hit a new 52-week high on Tuesday . The stock traded as high as GBX 290 and last traded at GBX 289.34, with a volume of 899118 shares traded. The stock had previously closed at GBX 283.

Templeton Emerging Markets Investment Trust Price Performance

The company has a 50-day simple moving average of GBX 267.67 and a two-hundred day simple moving average of GBX 251.07. The stock has a market capitalization of £2.75 billion, a price-to-earnings ratio of 5.91 and a beta of 1.03.

Insiders Place Their Bets

In related news, insider Sarika Patel bought 3,599 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were purchased at an average cost of GBX 263 per share, with a total value of £9,465.37. 0.04% of the stock is owned by corporate insiders.

About Templeton Emerging Markets Investment Trust

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.