Templeton Emerging Markets Investment Trust (LON:TEM) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 165.99 ($2.02) and traded as high as GBX 170.60 ($2.08). Templeton Emerging Markets Investment Trust shares last traded at GBX 168.95 ($2.06), with a volume of 1,937,089 shares trading hands.

Templeton Emerging Markets Investment Trust Trading Down 0.0 %

The business has a 50 day simple moving average of GBX 165.99 and a two-hundred day simple moving average of GBX 164.73. The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91. The company has a market cap of £1.81 billion, a PE ratio of 1,407.92 and a beta of 0.61.

Templeton Emerging Markets Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be paid a GBX 2 ($0.02) dividend. This represents a yield of 1.19%. The ex-dividend date is Thursday, December 19th. Templeton Emerging Markets Investment Trust’s payout ratio is 5,000.00%.

Templeton Emerging Markets Investment Trust Company Profile

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.