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

MIGO Opportunities Trust plc (LON:MIGO) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 354.06 ($4.32) and traded as low as GBX 351 ($4.29). MIGO Opportunities Trust shares last traded at GBX 351 ($4.29), with a volume of 22,322 shares changing hands.

MIGO Opportunities Trust Price Performance

The firm has a fifty day moving average of GBX 354.02 and a two-hundred day moving average of GBX 355.11. The company has a current ratio of 0.63, a quick ratio of 44.36 and a debt-to-equity ratio of 6.12. The company has a market capitalization of £74.09 million, a PE ratio of 979.08 and a beta of 0.51.

Insider Activity

In other news, insider Ian Henderson purchased 2,938 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of GBX 355 ($4.33) per share, for a total transaction of £10,429.90 ($12,734.92). 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.