MIGO Opportunities Trust (LON:MIGO) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

MIGO Opportunities Trust plc (LON:MIGO)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 354.06 ($4.36) and traded as low as GBX 351 ($4.32). MIGO Opportunities Trust shares last traded at GBX 351 ($4.32), with a volume of 22,322 shares changing hands.

MIGO Opportunities Trust Price Performance

The company has a current ratio of 0.63, a quick ratio of 44.36 and a debt-to-equity ratio of 6.12. The stock has a fifty day simple moving average of GBX 354.06 and a 200-day simple moving average of GBX 355.13. The stock has a market cap of £73.78 million, a price-to-earnings ratio of 975.00 and a beta of 0.51.

Insider Buying and Selling

In other news, insider Ian Henderson acquired 2,938 shares of MIGO Opportunities Trust stock in a transaction on Monday, October 28th. The stock was bought at an average price of GBX 355 ($4.37) per share, for a total transaction of £10,429.90 ($12,833.64). 17.83% of the stock is currently owned by insiders.

About MIGO Opportunities Trust

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.