MIGO Opportunities Trust (LON:MIGO) Stock Crosses Above Fifty Day Moving Average – Here’s Why

MIGO Opportunities Trust plc (LON:MIGO)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 392.33 and traded as high as GBX 405. MIGO Opportunities Trust shares last traded at GBX 399.21, with a volume of 14,085 shares trading hands.

MIGO Opportunities Trust Trading Up 1.1%

The stock has a market capitalization of £69.53 million, a PE ratio of 10.40 and a beta of 0.51. The company has a current ratio of 0.37, a quick ratio of 44.36 and a debt-to-equity ratio of 15.11. The business’s 50-day moving average is GBX 392.33 and its two-hundred day moving average is GBX 379.93.

MIGO Opportunities Trust (LON:MIGO) last issued its quarterly earnings data on Tuesday, December 16th. The company reported GBX 1.70 EPS for the quarter. MIGO Opportunities Trust had a return on equity of 12.13% and a net margin of 83.33%.

About MIGO Opportunities Trust

MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.

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.