MIGO Opportunities Trust (LON:MIGO) Sets New 1-Year Low - Time to Sell?

MIGO Opportunities Trust plc (LON:MIGO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 335 ($4.34) and last traded at GBX 341 ($4.41), with a volume of 16759 shares changing hands. The stock had previously closed at GBX 342.50 ($4.43).

MIGO Opportunities Trust Price Performance

The company has a debt-to-equity ratio of 15.11, a current ratio of 0.37 and a quick ratio of 44.36. The company has a fifty day moving average of GBX 347.06 and a 200-day moving average of GBX 351.70. The firm has a market cap of £68.08 million, a P/E ratio of 8.25 and a beta of 0.51.

About MIGO Opportunities Trust

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds. The Company invests in closed-end investment funds traded on the London Stock Exchange's Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.