MIGO Opportunities Trust (LON:MIGO) Hits New 52-Week High – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO)’s share price reached a new 52-week high on Friday . The stock traded as high as GBX 384 and last traded at GBX 382, with a volume of 31840 shares trading hands. The stock had previously closed at GBX 379.

MIGO Opportunities Trust Price Performance

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 stock has a fifty day simple moving average of GBX 375.61 and a 200-day simple moving average of GBX 369.82. The company has a market capitalization of £67.58 million, a price-to-earnings ratio of -20.11 and a beta of 0.51.

MIGO Opportunities Trust (LON:MIGO) last released its earnings results on Tuesday, December 16th. The company reported GBX 1.70 earnings per share (EPS) for the quarter. MIGO Opportunities Trust had a net margin of 83.33% and a return on equity of 12.13%.

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.