Mobius Investment Trust (LON:MMIT) Trading Down 1.4% – Time to Sell?

Mobius Investment Trust plc (LON:MMIT) shares traded down 1.4% during trading on Wednesday . The stock traded as low as GBX 171 and last traded at GBX 172. Approximately 93,450 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 287,998 shares. The stock had previously closed at GBX 174.50.

Mobius Investment Trust Trading Down 1.4%

The firm has a market capitalization of £112.99 million, a P/E ratio of 2.96 and a beta of 0.68. The business has a 50-day moving average of GBX 174.72 and a 200 day moving average of GBX 159.39.

Mobius Investment Trust (LON:MMIT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 0.21 earnings per share (EPS) for the quarter. Mobius Investment Trust had a return on equity of 31.87% and a net margin of 92.23%.

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).