Mobius Investment Trust (LON:MMIT) Sets New 52-Week High – Should You Buy?
by Kim Johansen · The Markets DailyMobius Investment Trust plc (LON:MMIT – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 178 and last traded at GBX 174, with a volume of 167151 shares changing hands. The stock had previously closed at GBX 173.
Mobius Investment Trust Trading Up 0.6%
The firm has a 50-day simple moving average of GBX 161.02 and a two-hundred day simple moving average of GBX 147.96. The company has a market capitalization of £114.30 million, a price-to-earnings ratio of 17.45 and a beta of 0.72.
About Mobius Investment Trust
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 25-30 small to mid-cap companies, across emerging and frontier markets.
The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).