Templeton Emerging Markets Investment Trust (LON:TEM) Stock Crosses Above 50-Day Moving Average – What’s Next?

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s share price passed 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 trading hands.

Templeton Emerging Markets Investment Trust Stock 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 stock has a 50 day moving average price of GBX 165.99 and a two-hundred day moving average price of GBX 164.70. The company has a quick ratio of 3.25, a current ratio of 1.47 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. Shareholders of record on Thursday, December 19th will be given a dividend of GBX 2 ($0.02) per share. This represents a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 19th. Templeton Emerging Markets Investment Trust’s payout ratio is 5,000.00%.

About Templeton Emerging Markets Investment Trust

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.