Mobius Investment Trust (LON:MMIT) Trading 2.1% Higher – Here’s Why

Mobius Investment Trust plc (LON:MMIT)’s stock price was up 2.1% during trading on Wednesday . The stock traded as high as GBX 181 and last traded at GBX 181. Approximately 19,617 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 269,125 shares. The stock had previously closed at GBX 177.25.

Mobius Investment Trust Stock Down 0.8%

The company’s fifty day simple moving average is GBX 174.51 and its two-hundred day simple moving average is GBX 163.05. The company has a market capitalization of £115.99 million, a price-to-earnings ratio of 3.04 and a beta of 0.67.

Mobius Investment Trust (LON:MMIT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 0.21 EPS for the quarter. Mobius Investment Trust had a return on equity of 31.87% and a net margin of 92.23%.

Mobius Investment Trust Company Profile

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange (LSE: MMIT).

MMIT provides investors with access to a high conviction portfolio of 25-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).