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

Posted by Matthew Steigler on Nov 8th, 2024

MIGO Opportunities Trust plc (LON:MIGO – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 354.85 ($4.62) and traded as low as GBX 354 ($4.61). MIGO Opportunities Trust shares last traded at GBX 354.02 ($4.61), with a volume of 29,356 shares changing hands.

MIGO Opportunities Trust Price Performance

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 stock has a 50 day moving average of GBX 354.85 and a 200-day moving average of GBX 355.37. The company has a market cap of £74.41 million, a PE ratio of 983.39 and a beta of 0.51.

Insider Buying and Selling

In other MIGO Opportunities Trust news, insider Ian Henderson purchased 2,938 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of GBX 355 ($4.62) per share, for a total transaction of £10,429.90 ($13,577.06). Corporate insiders own 17.83% of the company’s stock.

MIGO Opportunities Trust Company Profile

(Get Free Report)

Miton Global Opportunities Plc is a close-ended balanced fund of funds launched by Miton Group plc. It is managed by Miton Asset Management Limited. The fund invests in the funds investing in the public equity and fixed income markets across the globe. It primarily invests in other close ended funds.