MIGO Opportunities Trust (LON:MIGO) Reaches New 12-Month Low – Here’s Why

MIGO Opportunities Trust plc (LON:MIGOGet Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 335 ($4.33) and last traded at GBX 341 ($4.41), with a volume of 16759 shares. The stock had previously closed at GBX 342.50 ($4.43).

MIGO Opportunities Trust Price Performance

The business has a fifty day moving average of GBX 347.98 and a two-hundred day moving average of GBX 352.05. The company has a debt-to-equity ratio of 15.11, a quick ratio of 44.36 and a current ratio of 0.37. The firm has a market capitalization of £67.91 million, a price-to-earnings ratio of 8.23 and a beta of 0.51.

MIGO Opportunities Trust Company Profile

(Get Free Report)

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.

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