Mobius Investment Trust (LON:MMIT) Shares Down 1.9% – Time to Sell?

Mobius Investment Trust plc (LON:MMIT)’s stock price was down 1.9% during trading on Monday . The stock traded as low as GBX 127.50 ($1.65) and last traded at GBX 127.50 ($1.65). Approximately 59,327 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 119,361 shares. The stock had previously closed at GBX 130 ($1.68).

Mobius Investment Trust Trading Down 1.9 %

The business has a 50 day simple moving average of GBX 139.81 and a two-hundred day simple moving average of GBX 140.16. The stock has a market cap of £147.69 million, a price-to-earnings ratio of 8.53 and a beta of 0.74.

Mobius Investment Trust (LON:MMIT) last announced its quarterly earnings data on Monday, March 10th. The company reported GBX 1.91 ($0.02) earnings per share (EPS) for the quarter. Mobius Investment Trust had a return on equity of 10.49% and a net margin of 81.04%.

Mobius Investment Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from Mobius Investment Trust’s previous dividend of $1.25. This represents a dividend yield of 1.27%. Mobius Investment Trust’s dividend payout ratio is 6.69%.

Mobius Investment Trust Company Profile

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange (LSE: MMIT).

MMIT provides investors with access to a high conviction portfolio of 20-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by Mobius Capital Partners LLP (“MCP”), an investment manager launched in May 2018 by Mark Mobius, Carlos Hardenberg and Greg Konieczny.