Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM) 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 firm has a market cap of £2.21 billion, a price-to-earnings ratio of 16.02 and a beta of 0.61. The stock has a 50-day moving average of GBX 232.29 and a 200-day moving average of GBX 211.89. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47.

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

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.