MIGO Opportunities Trust (LON:MIGO) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

MIGO Opportunities Trust plc (LON:MIGO) shares 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 changing hands.

MIGO Opportunities Trust Trading Up 0.1 %

The company has a debt-to-equity ratio of 6.12, a current ratio of 0.63 and a quick ratio of 44.36. The stock has a market cap of £74.39 million, a price-to-earnings ratio of 983.05 and a beta of 0.51. The business’s 50 day moving average is GBX 353.82 and its 200 day moving average is GBX 355.01.

Insider Activity

In related news, insider Ian Henderson acquired 2,938 shares of MIGO Opportunities Trust stock in a transaction dated Monday, October 28th. The stock was acquired at an average price of GBX 355 ($4.32) per share, for a total transaction of £10,429.90 ($12,689.99). Company 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.