MIGO Opportunities Trust (LON:MIGO) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 355.39 ($4.75) and traded as high as GBX 356 ($4.76). MIGO Opportunities Trust shares last traded at GBX 354 ($4.74), with a volume of 10,684 shares traded.

MIGO Opportunities Trust Price Performance

The company’s 50-day simple moving average is GBX 355.31 and its 200 day simple moving average is GBX 352.79. The company has a quick ratio of 44.36, a current ratio of 0.63 and a debt-to-equity ratio of 6.12. The stock has a market capitalization of £75.30 million, a price-to-earnings ratio of 986.11 and a beta of 0.51.

MIGO Opportunities Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 5th were issued a GBX 0.60 ($0.01) dividend. The ex-dividend date was Thursday, September 5th. This represents a yield of 0.17%. MIGO Opportunities Trust’s dividend payout ratio (DPR) is currently 277.78%.

About MIGO Opportunities Trust

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.