Templeton Emerging Markets Investment Trust (LON:TEM) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 170.36 ($2.20) and traded as high as GBX 172.80 ($2.24). Templeton Emerging Markets Investment Trust shares last traded at GBX 171.88 ($2.22), with a volume of 1,208,766 shares traded.

Templeton Emerging Markets Investment Trust Trading Up 1.2 %

The firm's 50-day simple moving average is GBX 170.59 and its 200 day simple moving average is GBX 167.04. The stock has a market cap of £1.81 billion, a P/E ratio of 13.86 and a beta of 0.61. The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91.

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.