Templeton Emerging Markets Investment Trust (LON:TEM) Stock Passes Above 50 Day Moving Average – What’s Next?

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 169.42 ($2.17) and traded as high as GBX 173.60 ($2.22). Templeton Emerging Markets Investment Trust shares last traded at GBX 170.40 ($2.18), with a volume of 1,813,277 shares trading hands.

Templeton Emerging Markets Investment Trust Trading Up 0.6 %

The firm has a market cap of £1.79 billion, a P/E ratio of 13.75 and a beta of 0.61. The company’s 50 day moving average is GBX 169.42 and its two-hundred day moving average is GBX 166.57. The company has a debt-to-equity ratio of 4.91, a current ratio of 1.47 and a quick ratio of 3.25.

Templeton Emerging Markets Investment Trust (LON:TEM) last announced its quarterly earnings data on Monday, December 9th. The company reported GBX 3.60 ($0.05) EPS for the quarter. Templeton Emerging Markets Investment Trust had a return on equity of 7.07% and a net margin of 81.07%.

Templeton Emerging Markets Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, December 19th were paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 1.19%. Templeton Emerging Markets Investment Trust’s dividend payout ratio is currently 48.11%.

About Templeton Emerging Markets Investment Trust

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.