MIGO Opportunities Trust (LON:MIGO) Hits New 1-Year High – What’s Next?

Shares of MIGO Opportunities Trust plc (LON:MIGO) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 389.09 and last traded at GBX 384, with a volume of 39904 shares changing hands. The stock had previously closed at GBX 384.50.

MIGO Opportunities Trust Trading Down 0.1%

The company has a quick ratio of 44.36, a current ratio of 0.37 and a debt-to-equity ratio of 15.11. The company has a market cap of £67.93 million, a price-to-earnings ratio of -20.21 and a beta of 0.51. The business’s fifty day simple moving average is GBX 376.32 and its two-hundred day simple moving average is GBX 372.04.

MIGO Opportunities Trust (LON:MIGO) last issued its quarterly earnings results on Tuesday, December 16th. The company reported GBX 1.70 earnings per share (EPS) for the quarter. MIGO Opportunities Trust had a return on equity of 12.13% and a net margin of 83.33%.

About MIGO Opportunities Trust

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.