Mobius Investment Trust (LON:MMIT) Sets New 12-Month High – Here’s What Happened

Mobius Investment Trust plc (LON:MMIT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 157.50 and last traded at GBX 154, with a volume of 148050 shares trading hands. The stock had previously closed at GBX 153.50.

Mobius Investment Trust Stock Performance

The business’s fifty day moving average price is GBX 142.46 and its two-hundred day moving average price is GBX 141.55. The stock has a market capitalization of £101.16 million, a P/E ratio of 15.45 and a beta of 0.67.

Mobius Investment Trust (LON:MMIT) last announced its quarterly earnings results on Monday, March 9th. The company reported GBX 0.69 EPS for the quarter. Mobius Investment Trust had a net margin of 83.66% and a return on equity of 10.93%.

About Mobius Investment Trust

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 25-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).