Mobius Investment Trust (LON:MMIT) Shares Up 2.1% – Still a Buy?

Mobius Investment Trust plc (LON:MMIT) rose 2.1% on Wednesday . The company traded as high as GBX 181 and last traded at GBX 181. 19,617 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 269,125 shares. The stock had previously closed at GBX 177.25.

Mobius Investment Trust Stock Up 2.1%

The company has a 50 day simple moving average of GBX 174.52 and a two-hundred day simple moving average of GBX 162.81. The company has a market capitalization of £118.90 million, a P/E ratio of 3.12 and a beta of 0.67.

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

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).