Templeton Emerging Markets Investment Trust (LON:TEM) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Templeton Emerging Markets Investment Trust plc (LON:TEM) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 172.30 ($2.23) and traded as high as GBX 174.20 ($2.25). Templeton Emerging Markets Investment Trust shares last traded at GBX 171.60 ($2.22), with a volume of 2,772,076 shares changing hands.

Templeton Emerging Markets Investment Trust Trading Down 1.4 %

The stock has a market cap of £1.79 billion, a P/E ratio of 13.76 and a beta of 0.61. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47. The stock’s fifty day moving average is GBX 172.30 and its 200 day moving average is GBX 167.89.

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.