Templeton Emerging Markets Investment Trust (LON:TEM) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 166.30 ($2.06) and traded as low as GBX 163.83 ($2.03). Templeton Emerging Markets Investment Trust shares last traded at GBX 164.39 ($2.03), with a volume of 469,008 shares traded.

Templeton Emerging Markets Investment Trust Stock Up 0.2 %

The firm has a 50 day moving average of GBX 166.26 and a two-hundred day moving average of GBX 164.26. The stock has a market capitalization of £1.78 billion, a PE ratio of 1,383.44 and a beta of 0.61. The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91.

Templeton Emerging Markets Investment Trust Cuts Dividend

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

About Templeton Emerging Markets Investment Trust

Templeton Emerging Markets Investment Trust plc is a closed-ended equity mutual fund launched and managed by Franklin Templeton International Services S.a.r l. The fund is co-managed by Franklin Templeton Investment Management Limited and Templeton Asset Management Ltd. It invests in the public equity markets of developing countries across the globe.