Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Crosses Below 50-Day Moving Average of $156.33

Templeton Emerging Markets Investment Trust plc (LON:TEM – Get Rating) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 156.33 ($1.88) and traded as low as GBX 153.61 ($1.85). Templeton Emerging Markets Investment Trust shares last traded at GBX 154.40 ($1.86), with a volume of 1,503,492 shares.

Templeton Emerging Markets Investment Trust Stock Performance

The stock has a market capitalization of £1.79 billion, a PE ratio of -428.89 and a beta of 0.72. The business has a 50 day moving average price of GBX 156.33 and a 200 day moving average price of GBX 148.20. The company has a debt-to-equity ratio of 8.22, a current ratio of 3.25 and a quick ratio of 3.25.

Templeton Emerging Markets Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 27th. Stockholders of record on Thursday, December 15th were issued a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 1.37%. The ex-dividend date was Thursday, December 15th. Templeton Emerging Markets Investment Trust’s payout ratio is currently -1,388.89%.

Insider Activity

In other news, insider Magdalene Miller bought 7,000 shares of the stock in a transaction on Friday, December 9th. The shares were bought at an average price of GBX 147 ($1.77) per share, with a total value of £10,290 ($12,373.74). Corporate insiders own 0.51% of the company’s stock.

About Templeton Emerging Markets Investment Trust

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Templeton Emerging Markets Investment Trust plc is a closed-ended equity mutual fund launched and managed by Franklin Templeton International Services S.a.r l. The fund is co-managed by Franklin Templeton Investment Management Limited and Templeton Asset Management Ltd. It invests in the public equity markets of developing countries across the globe.