Mobius Investment Trust (LON:MMIT) Reaches New 12-Month High – Here’s What Happened

Shares of Mobius Investment Trust plc (LON:MMIT) reached a new 52-week high on Wednesday . The stock traded as high as GBX 165.98 and last traded at GBX 163, with a volume of 135047 shares. The stock had previously closed at GBX 158.

Mobius Investment Trust Stock Performance

The stock has a 50 day moving average of GBX 144.19 and a 200-day moving average of GBX 142.14. The firm has a market capitalization of £107.08 million, a P/E ratio of 16.35 and a beta of 0.67.

Mobius Investment Trust (LON:MMIT) last issued its earnings results on Monday, March 9th. The company reported GBX 0.69 earnings per share for the quarter. Mobius Investment Trust had a net margin of 83.66% and a return on equity of 10.93%.

About Mobius Investment Trust

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange (LSE: MMIT).

MMIT provides investors with access to a high conviction portfolio of 25-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).