MIGO Opportunities Trust (LON:MIGO) Sets New 1-Year Low – What’s Next?

MIGO Opportunities Trust plc (LON:MIGO) reached a new 52-week low on Friday . The company traded as low as GBX 331 ($4.27) and last traded at GBX 331 ($4.27), with a volume of 63072 shares trading hands. The stock had previously closed at GBX 338.50 ($4.36).

MIGO Opportunities Trust Trading Down 2.2 %

The company has a quick ratio of 44.36, a current ratio of 0.37 and a debt-to-equity ratio of 15.11. The firm has a 50 day moving average of GBX 345.41 and a 200-day moving average of GBX 351.09. The firm has a market capitalization of £65.92 million, a P/E ratio of 7.99 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.