Templeton Emerging Markets Investment Trust (LON:TEM) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 164.18 ($2.13) and traded as high as GBX 166 ($2.15). Templeton Emerging Markets Investment Trust shares last traded at GBX 165 ($2.14), with a volume of 1,387,392 shares trading hands.

Templeton Emerging Markets Investment Trust Price Performance

The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47. The firm has a market cap of £1.78 billion, a price-to-earnings ratio of 1,388.33 and a beta of 0.61. The stock’s 50 day simple moving average is GBX 164.25 and its 200-day simple moving average is GBX 161.85.

Templeton Emerging Markets Investment Trust Company Profile

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.