Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 12-Month High – Time to Buy?

Templeton Emerging Markets Investment Trust plc (LON:TEM) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 202 ($2.73) and last traded at GBX 200.50 ($2.71), with a volume of 627298 shares traded. The stock had previously closed at GBX 201 ($2.71).

Templeton Emerging Markets Investment Trust Stock Performance

The company has a market cap of £2.08 billion, a price-to-earnings ratio of 15.99 and a beta of 0.61. The firm has a 50-day simple moving average of GBX 194.98 and a 200 day simple moving average of GBX 179.13. The company has a quick ratio of 3.25, a current ratio of 1.47 and a debt-to-equity ratio of 4.91.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its quarterly earnings results on Friday, June 6th. The company reported GBX 5.41 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 Company Profile

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.