MIGO Opportunities Trust (LON:MIGO) Share Price Passes Below 50-Day Moving Average – Here’s Why

MIGO Opportunities Trust plc (LON:MIGOGet Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 354.41 ($4.43) and traded as low as GBX 351 ($4.39). MIGO Opportunities Trust shares last traded at GBX 351.22 ($4.39), with a volume of 811 shares changing hands.

MIGO Opportunities Trust Stock Up 0.4 %

The company has a debt-to-equity ratio of 6.12, a current ratio of 0.63 and a quick ratio of 44.36. The company has a market capitalization of £74.25 million, a PE ratio of 981.24 and a beta of 0.51. The firm has a 50-day simple moving average of GBX 354.41 and a 200 day simple moving average of GBX 355.31.

Insider Buying and Selling

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 acquired at an average cost of GBX 355 ($4.44) per share, with a total value of £10,429.90 ($13,050.43). 17.83% of the stock is currently owned by corporate insiders.

About MIGO Opportunities Trust

(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.

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