MIGO Opportunities Trust (LON:MIGO) Share Price Passes Below 50-Day Moving Average – Should You Sell?

MIGO Opportunities Trust plc (LON:MIGO) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 354.85 ($4.62) and traded as low as GBX 354 ($4.61). MIGO Opportunities Trust shares last traded at GBX 354.02 ($4.61), with a volume of 29,356 shares changing hands.

MIGO Opportunities Trust Price Performance

The firm has a market capitalization of £74.41 million, a PE ratio of 983.39 and a beta of 0.51. The company has a quick ratio of 44.36, a current ratio of 0.63 and a debt-to-equity ratio of 6.12. The stock has a 50-day moving average price of GBX 354.85 and a 200 day moving average price of GBX 355.37.

Insider Buying and Selling

In related news, insider Ian Henderson acquired 2,938 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were acquired at an average cost of GBX 355 ($4.62) per share, with a total value of £10,429.90 ($13,577.06). 17.83% of the stock is owned by insiders.

MIGO Opportunities Trust Company Profile

Miton Global Opportunities Plc is a close-ended balanced fund of funds launched by Miton Group plc. It is managed by Miton Asset Management Limited. The fund invests in the funds investing in the public equity and fixed income markets across the globe. It primarily invests in other close ended funds.