MIGO Opportunities Trust (LON:MIGO) Stock Passes Below 50 Day Moving Average – What’s Next?

MIGO Opportunities Trust plc (LON:MIGO)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 354.06 ($4.32) and traded as low as GBX 351 ($4.29). MIGO Opportunities Trust shares last traded at GBX 351 ($4.29), with a volume of 22,322 shares changing hands.

MIGO Opportunities Trust Stock Performance

The stock has a market capitalization of £74.09 million, a P/E ratio of 979.08 and a beta of 0.51. The stock’s 50-day simple moving average is GBX 354.02 and its 200 day simple moving average is GBX 355.11. The company has a debt-to-equity ratio of 6.12, a current ratio of 0.63 and a quick ratio of 44.36.

Insider Transactions at MIGO Opportunities Trust

In other news, insider Ian Henderson bought 2,938 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of GBX 355 ($4.33) per share, for a total transaction of £10,429.90 ($12,734.92). Insiders own 17.83% of the company’s stock.

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.