Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 1-Year High – Still a Buy?

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 276.34 and last traded at GBX 274, with a volume of 3006584 shares traded. The stock had previously closed at GBX 274.50.

Templeton Emerging Markets Investment Trust Trading Up 1.2%

The business’s fifty day moving average is GBX 251.75 and its two-hundred day moving average is GBX 231.37. The company has a quick ratio of 3.25, a current ratio of 1.47 and a debt-to-equity ratio of 4.91. The firm has a market cap of £2.65 billion, a price-to-earnings ratio of 5.63 and a beta of 0.61.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its earnings results on Monday, December 8th. The company reported GBX 3.33 EPS for the quarter. Templeton Emerging Markets Investment Trust had a return on equity of 7.07% and a net margin of 81.07%.

Insider Transactions at Templeton Emerging Markets Investment Trust

In other Templeton Emerging Markets Investment Trust news, insider Sarika Patel bought 3,599 shares of Templeton Emerging Markets Investment Trust stock in a transaction dated Wednesday, February 4th. The shares were bought at an average price of GBX 263 per share, with a total value of £9,465.37. Insiders own 0.04% of the company’s stock.

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.