MIGO Opportunities Trust (LON:MIGO) Reaches New 12-Month High – What’s Next?

MIGO Opportunities Trust plc (LON:MIGO)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 407 and last traded at GBX 397, with a volume of 84614 shares changing hands. The stock had previously closed at GBX 393.

MIGO Opportunities Trust Price Performance

The company has a debt-to-equity ratio of 15.11, a current ratio of 0.37 and a quick ratio of 44.36. The stock has a 50 day simple moving average of GBX 377.64 and a two-hundred day simple moving average of GBX 373.40. The company has a market cap of £70.23 million, a price-to-earnings ratio of -20.89 and a beta of 0.51.

MIGO Opportunities Trust (LON:MIGO) last issued its earnings results on Tuesday, December 16th. The company reported GBX 1.70 earnings per share (EPS) for the quarter. MIGO Opportunities Trust had a return on equity of 12.13% and a net margin of 83.33%.

MIGO Opportunities Trust Company Profile

MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.

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.