Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Posted by Xavier Holt on Jan 19th, 2025

Templeton Emerging Markets Investment Trust plc (LON:TEM – Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-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.

Templeton Emerging Markets Investment Trust Price Performance

The company has a market cap of £1.81 billion, a price-to-earnings ratio of 1,407.92 and a beta of 0.61. The company has a fifty day simple moving average of GBX 165.99 and a two-hundred day simple moving average of GBX 164.73. 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 firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, December 19th will be paid a dividend of GBX 2 ($0.02) per share. The ex-dividend date is Thursday, December 19th. This represents a dividend yield of 1.19%. Templeton Emerging Markets Investment Trust’s dividend payout ratio (DPR) is 5,000.00%.

Templeton Emerging Markets Investment Trust Company Profile

(Get Free Report)

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.