MIGO Opportunities Trust (LON:MIGO) Shares Cross Above 50 Day Moving Average – Here’s Why

MIGO Opportunities Trust plc (LON:MIGO)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 353.82 ($4.30) and traded as high as GBX 353.90 ($4.31). MIGO Opportunities Trust shares last traded at GBX 353.90 ($4.31), with a volume of 24,053 shares trading hands.

MIGO Opportunities Trust Price Performance

The company has a debt-to-equity ratio of 6.12, a quick ratio of 44.36 and a current ratio of 0.63. The stock has a market cap of £74.39 million, a PE ratio of 983.05 and a beta of 0.51. The stock has a 50 day moving average of GBX 353.82 and a two-hundred day moving average of GBX 355.01.

Insider Activity

In other MIGO Opportunities Trust news, insider Ian Henderson acquired 2,938 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of GBX 355 ($4.32) per share, with a total value of £10,429.90 ($12,689.99). Corporate insiders own 17.83% of the company’s stock.

MIGO Opportunities Trust Company Profile

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.