Templeton Emerging Markets Investment Trust (LON:TEM) Stock Passes Above 200-Day Moving Average – Should You Sell?

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 164.98 ($2.05) and traded as high as GBX 170.60 ($2.12). Templeton Emerging Markets Investment Trust shares last traded at GBX 165.80 ($2.06), with a volume of 1,118,199 shares trading hands.

Templeton Emerging Markets Investment Trust Stock Down 0.4 %

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 firm has a market capitalization of £1.77 billion, a PE ratio of 1,376.43 and a beta of 0.61. The company’s fifty day simple moving average is GBX 166.29 and its 200-day simple moving average is GBX 164.98.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its earnings results on Monday, December 9th. The company reported GBX 3.60 ($0.04) earnings per share for the quarter. Templeton Emerging Markets Investment Trust had a net margin of 81.07% and a return on equity of 6.93%.

Templeton Emerging Markets Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be paid a dividend of GBX 2 ($0.02) per share. This represents a yield of 1.19%. The ex-dividend date is Thursday, December 19th. Templeton Emerging Markets Investment Trust’s payout ratio is 5,000.00%.

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.