Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 1-Year High – Still a Buy?

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 257 and last traded at GBX 256.50, with a volume of 6428717 shares. The stock had previously closed at GBX 252.50.

Templeton Emerging Markets Investment Trust Trading Up 1.6%

The company has a market cap of £2.46 billion, a P/E ratio of 5.21 and a beta of 0.61. The stock’s 50 day moving average is GBX 236.14 and its 200-day moving average is GBX 219.78. The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its quarterly earnings data on Monday, December 8th. The company reported GBX 3.33 earnings per share for the quarter. Templeton Emerging Markets Investment Trust had a net margin of 81.07% and a return on equity of 7.07%.

About Templeton Emerging Markets Investment Trust

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.