MIGO Opportunities Trust (LON:MIGO) Reaches New 1-Year High – Here’s What Happened

Shares of MIGO Opportunities Trust plc (LON:MIGO) reached a new 52-week high during mid-day trading on Friday. The company traded as high as GBX 420 and last traded at GBX 420, with a volume of 23180 shares. The stock had previously closed at GBX 416.50.

MIGO Opportunities Trust Stock Up 0.8%

The company has a debt-to-equity ratio of 14.26, a current ratio of 0.72 and a quick ratio of 44.36. The company has a market capitalization of £71.28 million, a price-to-earnings ratio of 5.95 and a beta of 0.37. The firm has a 50-day moving average price of GBX 412.52 and a two-hundred day moving average price of GBX 404.72.

MIGO Opportunities Trust (LON:MIGO) last released its earnings results on Tuesday, July 14th. The company reported GBX 3.80 EPS for the quarter. MIGO Opportunities Trust had a return on equity of 17.99% and a net margin of 86.95%.

Insiders Place Their Bets

In other MIGO Opportunities Trust news, insider Richard Davidson purchased 10,000 shares of the stock in a transaction on Tuesday, July 14th. The shares were purchased at an average cost of GBX 408 per share, for a total transaction of £40,800. Company insiders own 2.73% of the company’s stock.

About MIGO Opportunities Trust

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.