MIGO Opportunities Trust (LON:MIGO) Stock Crosses Below 50 Day Moving Average – Should You Sell?

MIGO Opportunities Trust plc (LON:MIGO) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 350.73 ($4.41) and traded as low as GBX 345.20 ($4.34). MIGO Opportunities Trust shares last traded at GBX 345.20 ($4.34), with a volume of 38,326 shares changing hands.

MIGO Opportunities Trust Trading Down 0.2 %

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 firm’s fifty day moving average is GBX 350.73 and its two-hundred day moving average is GBX 353.44. The firm has a market capitalization of £68.74 million, a PE ratio of 8.33 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.