Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Passes Below 50 Day Moving Average – What’s Next?

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 232.29 and traded as low as GBX 228.50. Templeton Emerging Markets Investment Trust shares last traded at GBX 230, with a volume of 271,386 shares traded.

Templeton Emerging Markets Investment Trust Stock Performance

The company has a fifty day moving average price of GBX 232.41 and a two-hundred day moving average price of GBX 212.23. The company has a debt-to-equity ratio of 4.91, a current ratio of 1.47 and a quick ratio of 3.25. The company has a market capitalization of £2.21 billion, a P/E ratio of 16.02 and a beta of 0.61.

Templeton Emerging Markets Investment Trust (LON:TEM) last posted its earnings results on Monday, December 8th. The company reported GBX 3.33 EPS for the quarter. Templeton Emerging Markets Investment Trust had a net margin of 81.07% and a return on equity of 7.07%.

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.