MIGO Opportunities Trust (LON:MIGO) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of MIGO Opportunities Trust plc (LON:MIGO) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 354.06 ($4.36) and traded as low as GBX 351 ($4.32). MIGO Opportunities Trust shares last traded at GBX 351 ($4.32), with a volume of 22,322 shares.

MIGO Opportunities Trust Stock Down 0.4 %

The firm’s 50-day moving average price is GBX 354.06 and its two-hundred day moving average price is GBX 355.13. 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 firm has a market cap of £73.78 million, a PE ratio of 975.00 and a beta of 0.51.

Insider Buying and Selling

In other news, insider Ian Henderson bought 2,938 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of GBX 355 ($4.37) per share, with a total value of £10,429.90 ($12,833.64). 17.83% of the stock is owned by company insiders.

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.