Templeton Emerging Markets Investment Trust (LON:TEM) Sets New 12-Month High – Still a Buy?

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 175.60 ($2.21) and last traded at GBX 175.40 ($2.21), with a volume of 2567020 shares. The stock had previously closed at GBX 172.60 ($2.17).

Templeton Emerging Markets Investment Trust Price Performance

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 firm has a market cap of £1.83 billion, a PE ratio of 14.06 and a beta of 0.61. The stock has a 50 day simple moving average of GBX 167.49 and a 200-day simple moving average of GBX 165.47.

Templeton Emerging Markets Investment Trust (LON:TEM) last issued its quarterly earnings results on Monday, December 9th. The company reported GBX 3.60 ($0.05) earnings per share (EPS) for the quarter. Templeton Emerging Markets Investment Trust had a return on equity of 7.07% and a net margin of 81.07%.

Templeton Emerging Markets Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, December 19th were paid a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 1.19%. Templeton Emerging Markets Investment Trust’s payout ratio is presently 48.11%.

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.