Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM) crossed 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.

Templeton Emerging Markets Investment Trust Price Performance

The company has a market cap of £1.81 billion, a P/E ratio of 1,407.92 and a beta of 0.61. The company’s 50-day moving average price is GBX 165.99 and its two-hundred day moving average price is GBX 164.73. The company has a current ratio of 1.47, a quick ratio of 3.25 and a debt-to-equity ratio of 4.91.

Templeton Emerging Markets Investment Trust Cuts Dividend

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

Templeton Emerging Markets Investment Trust Company Profile

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.