Mobius Investment Trust (LON:MMIT) Sets New 1-Year High – Still a Buy?

Mobius Investment Trust plc (LON:MMITGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 186.50 and last traded at GBX 186.50, with a volume of 57659 shares changing hands. The stock had previously closed at GBX 178.50.

Mobius Investment Trust Price Performance

The firm has a market capitalization of £120.67 million, a PE ratio of 3.16 and a beta of 0.67. The stock’s 50-day moving average price is GBX 174.82 and its 200 day moving average price is GBX 164.88.

Mobius Investment Trust (LON:MMITGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 0.21 earnings per share (EPS) for the quarter. Mobius Investment Trust had a return on equity of 31.87% and a net margin of 92.23%.

Mobius Investment Trust Company Profile

(Get Free Report)

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).

Further Reading

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