MIGO Opportunities Trust (LON:MIGO) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

MIGO Opportunities Trust plc (LON:MIGO)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 349.79 ($4.53) and traded as low as GBX 344 ($4.45). MIGO Opportunities Trust shares last traded at GBX 344 ($4.45), with a volume of 13,939 shares.

MIGO Opportunities Trust Stock Performance

The stock has a market capitalization of £68.50 million, a PE ratio of 8.30 and a beta of 0.51. The company has a quick ratio of 44.36, a current ratio of 0.37 and a debt-to-equity ratio of 15.11. The firm has a 50 day moving average price of GBX 349.79 and a 200-day moving average price of GBX 352.97.

About MIGO Opportunities Trust

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds.

The Company invests in closed-end investment funds traded on the London Stock Exchange’s Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.