MIGO Opportunities Trust (LON:MIGO) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 370.23 ($4.98) and traded as low as GBX 367 ($4.93). MIGO Opportunities Trust shares last traded at GBX 370 ($4.98), with a volume of 49,297 shares.

MIGO Opportunities Trust Stock Performance

The firm has a fifty day moving average of GBX 370.23 and a 200 day moving average of GBX 352.38. 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 market capitalization of £68.62 million, a price-to-earnings ratio of -1,943.31 and a beta of 0.51.

MIGO Opportunities Trust (LON:MIGO) last announced its quarterly earnings results on Wednesday, July 9th. The company reported GBX 1.60 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%.

About MIGO Opportunities Trust

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.