MIGO Opportunities Trust (LON:MIGO) Announces Earnings Results

by · The Cerbat Gem

MIGO Opportunities Trust (LON:MIGO – Get Free Report) announced its earnings results on Tuesday. The company reported GBX 1.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. MIGO Opportunities Trust had a return on equity of 12.13% and a net margin of 83.33%.

MIGO Opportunities Trust Stock Performance

MIGO Opportunities Trust stock traded down GBX 2.50 during trading on Tuesday, reaching GBX 374. The company had a trading volume of 30,969 shares, compared to its average volume of 41,992. The company has a current ratio of 0.37, a quick ratio of 44.36 and a debt-to-equity ratio of 15.11. The firm’s 50-day simple moving average is GBX 375.10 and its 200 day simple moving average is GBX 369.45. The firm has a market capitalization of £66.16 million, a price-to-earnings ratio of -19.68 and a beta of 0.51. MIGO Opportunities Trust has a 52 week low of GBX 311 and a 52 week high of GBX 384.

MIGO Opportunities Trust Company Profile

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MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.

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.

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