Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 12-Month High – Here’s Why

Templeton Emerging Markets Investment Trust plc (LON:TEMGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 276.34 and last traded at GBX 274, with a volume of 3006584 shares trading hands. The stock had previously closed at GBX 274.50.

Templeton Emerging Markets Investment Trust Price Performance

The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47. The company has a 50-day moving average price of GBX 251.75 and a 200-day moving average price of GBX 231.37. The firm has a market capitalization of £2.65 billion, a P/E ratio of 5.63 and a beta of 0.61.

Templeton Emerging Markets Investment Trust (LON:TEMGet Free Report) last released its quarterly earnings data on Monday, December 8th. The company reported GBX 3.33 EPS for the quarter. Templeton Emerging Markets Investment Trust had a return on equity of 7.07% and a net margin of 81.07%.

Insider Buying and Selling at Templeton Emerging Markets Investment Trust

In other news, insider Sarika Patel acquired 3,599 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was purchased at an average price of GBX 263 per share, for a total transaction of £9,465.37. 0.04% of the stock is owned by corporate insiders.

Templeton Emerging Markets Investment Trust Company Profile

(Get Free Report)

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.

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