MIGO Opportunities Trust (LON:MIGO) Hits New 52-Week High – Still a Buy?

MIGO Opportunities Trust plc (LON:MIGO) shares hit a new 52-week high on Friday. The company traded as high as GBX 420 and last traded at GBX 415.50, with a volume of 1124 shares traded. The stock had previously closed at GBX 416.50.

MIGO Opportunities Trust Price Performance

The stock has a market capitalization of £70.52 million, a P/E ratio of 5.89 and a beta of 0.37. The company has a debt-to-equity ratio of 14.26, a current ratio of 0.72 and a quick ratio of 44.36. The company’s 50-day simple moving average is GBX 413.38 and its 200-day simple moving average is GBX 405.75.

MIGO Opportunities Trust (LON:MIGO) last announced its quarterly earnings data on Tuesday, July 14th. The company reported GBX 3.80 EPS for the quarter. MIGO Opportunities Trust had a net margin of 86.95% and a return on equity of 17.99%.

Insider Activity at MIGO Opportunities Trust

In other MIGO Opportunities Trust news, insider Richard Davidson acquired 10,000 shares of the company’s stock in a transaction on Tuesday, July 14th. The shares were purchased at an average price of GBX 408 per share, for a total transaction of £40,800. Also, insider Ian Henderson acquired 2,373 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was acquired at an average cost of GBX 419 per share, with a total value of £9,942.87. 2.73% of the stock is owned by corporate insiders.

MIGO Opportunities Trust Company Profile

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.