Templeton Emerging Markets Investment Trust (LON:TEM) Sets New 52-Week High – Here’s Why

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 343.50 and last traded at GBX 343.18, with a volume of 9510263 shares. The stock had previously closed at GBX 338.

Templeton Emerging Markets Investment Trust Price Performance

The firm has a market capitalization of £3.02 billion, a P/E ratio of 4.44 and a beta of 1.08. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.80 and a quick ratio of 3.25. The stock’s fifty day simple moving average is GBX 304.15 and its 200 day simple moving average is GBX 270.70.

Templeton Emerging Markets Investment Trust (LON:TEM) last announced its earnings results on Wednesday, June 3rd. The company reported GBX 5.39 EPS for the quarter. The business had revenue of GBX 6,556 million during the quarter. Templeton Emerging Markets Investment Trust had a net margin of 96.24% and a return on equity of 31.30%.

About Templeton Emerging Markets Investment Trust

TEMIT is the UK’s original and largest emerging market investment trust delivering returns for shareholders since 1989. It offers shareholders access to a balanced and diversified portfolio of emerging markets companies with the aim of delivering capital growth over the long term. Shares are also quoted on New Zealand Stock Exchanges.