Mobius Investment Trust (LON:MMIT) Trading Down 1.9% – Time to Sell?

Shares of Mobius Investment Trust plc (LON:MMIT) traded down 1.9% during mid-day trading on Monday . The stock traded as low as GBX 127.50 ($1.66) and last traded at GBX 127.50 ($1.66). 59,327 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 119,361 shares. The stock had previously closed at GBX 130 ($1.69).

Mobius Investment Trust Stock Performance

The firm has a market cap of £148.85 million, a P/E ratio of 8.60 and a beta of 0.74. The business’s 50-day simple moving average is GBX 139.47 and its 200 day simple moving average is GBX 140.12.

Mobius Investment Trust (LON:MMIT) last issued its quarterly earnings data on Monday, March 10th. The company reported GBX 1.91 ($0.02) EPS for the quarter. Mobius Investment Trust had a return on equity of 10.49% and a net margin of 81.04%.

Mobius Investment Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 1st will be given a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 1.27%. This is a positive change from Mobius Investment Trust’s previous dividend of $1.25. Mobius Investment Trust’s dividend payout ratio is presently 6.69%.

Mobius Investment Trust Company Profile

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 20-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by Mobius Capital Partners LLP (“MCP”), an investment manager launched in May 2018 by Mark Mobius, Carlos Hardenberg and Greg Konieczny.