Mobius Investment Trust (LON:MMIT) Hits New 12-Month Low – Time to Sell?

Shares of Mobius Investment Trust plc (LON:MMIT) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 124.50 ($1.62) and last traded at GBX 124.50 ($1.62), with a volume of 145303 shares traded. The stock had previously closed at GBX 128.50 ($1.67).

Mobius Investment Trust Stock Down 3.1 %

The firm has a market capitalization of £144.21 million, a price-to-earnings ratio of 8.33 and a beta of 0.74. The stock has a 50 day moving average of GBX 139.08 and a 200 day moving average of GBX 140.08.

Mobius Investment Trust (LON:MMIT) last issued its earnings results on Monday, March 10th. The company reported GBX 1.91 ($0.02) EPS for the quarter. Mobius Investment Trust had a return on equity of 10.49% and a net margin of 81.04%.

Mobius Investment Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 1st will be paid a dividend of GBX 1.70 ($0.02) per share. This is a positive change from Mobius Investment Trust’s previous dividend of $1.25. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 1.27%. Mobius Investment Trust’s payout ratio is presently 6.69%.

Mobius Investment Trust Company Profile

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 20-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by Mobius Capital Partners LLP (“MCP”), an investment manager launched in May 2018 by Mark Mobius, Carlos Hardenberg and Greg Konieczny.