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MIGO Opportunities Trust (LON:MIGO) Shares Pass Below Fifty Day Moving Average - Here's Why

MIGO Opportunities Trust logo with Financial Services background
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MIGO Opportunities Trust plc (LON:MIGO - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 350.73 ($4.49) and traded as low as GBX 345.20 ($4.42). MIGO Opportunities Trust shares last traded at GBX 345.20 ($4.42), with a volume of 38,326 shares.

MIGO Opportunities Trust Price Performance

The company has a debt-to-equity ratio of 15.11, a quick ratio of 44.36 and a current ratio of 0.37. The company's fifty day moving average price is GBX 350.48 and its 200 day moving average price is GBX 353.31. The firm has a market capitalization of £68.70 million, a price-to-earnings ratio of 8.33 and a beta of 0.51.

About MIGO Opportunities Trust

(Get Free Report)

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.

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