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Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Passes Above 50 Day Moving Average - What's Next?

Templeton Emerging Markets Investment Trust logo with Financial Services background
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Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 171.37 ($2.21) and traded as high as GBX 176.60 ($2.28). Templeton Emerging Markets Investment Trust shares last traded at GBX 174.40 ($2.25), with a volume of 2,359,577 shares changing hands.

Templeton Emerging Markets Investment Trust Stock Performance

The stock has a market capitalization of £1.83 billion, a price-to-earnings ratio of 14.03 and a beta of 0.61. 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 stock has a 50-day moving average of GBX 171.57 and a 200 day moving average of GBX 167.51.

About Templeton Emerging Markets Investment Trust

(Get Free Report)

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.

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