Templeton Emerging Markets Investment Trust (LON:TEM) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 165.99 ($2.02) and traded as high as GBX 170.60 ($2.08). Templeton Emerging Markets Investment Trust shares last traded at GBX 168.95 ($2.06), with a volume of 1,937,089 shares trading hands.

Templeton Emerging Markets Investment Trust Price Performance

The company has a debt-to-equity ratio of 4.91, a current ratio of 1.47 and a quick ratio of 3.25. The company has a fifty day moving average price of GBX 165.99 and a 200 day moving average price of GBX 164.73. The company has a market capitalization of £1.81 billion, a P/E ratio of 1,407.92 and a beta of 0.61.

Templeton Emerging Markets Investment Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be given a GBX 2 ($0.02) dividend. This represents a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 19th. Templeton Emerging Markets Investment Trust’s dividend payout ratio is presently 5,000.00%.

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.