Templeton Emerging Markets Investment Trust (LON:TEM) Sets New 1-Year High – Should You Buy?

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 233.46 ($3.11) and last traded at GBX 233.23 ($3.11), with a volume of 713565 shares changing hands. The stock had previously closed at GBX 229.75 ($3.06).

Templeton Emerging Markets Investment Trust Stock Up 2.1%

The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91. The firm has a market capitalization of £2.28 billion, a P/E ratio of 16.33 and a beta of 0.61. The company’s fifty day simple moving average is GBX 213.10 and its 200 day simple moving average is GBX 192.28.

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.