MIGO Opportunities Trust (LON:MIGO) Shares Pass Above 50 Day Moving Average – What’s Next?

MIGO Opportunities Trust plc (LON:MIGO)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 353.82 ($4.30) and traded as high as GBX 353.90 ($4.31). MIGO Opportunities Trust shares last traded at GBX 353.90 ($4.31), with a volume of 24,053 shares trading hands.

MIGO Opportunities Trust Stock Up 0.1 %

The company has a market cap of £74.39 million, a price-to-earnings ratio of 983.05 and a beta of 0.51. The business has a fifty day moving average of GBX 353.82 and a two-hundred day moving average of GBX 355.01. The company has a current ratio of 0.63, a quick ratio of 44.36 and a debt-to-equity ratio of 6.12.

Insider Activity

In related news, insider Ian Henderson purchased 2,938 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of GBX 355 ($4.32) per share, with a total value of £10,429.90 ($12,689.99). Company 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.