MIGO Opportunities Trust (LON:MIGO) Shares Cross Below 50 Day Moving Average – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO) 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.

MIGO Opportunities Trust Price Performance

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 £74.62 million, a P/E ratio of 986.11 and a beta of 0.51. The firm has a fifty day moving average of GBX 354.80 and a 200 day moving average of GBX 355.35.

Insiders Place Their Bets

In other news, insider Ian Henderson purchased 2,938 shares of the stock in a transaction on Monday, October 28th. The shares were acquired at an average price of GBX 355 ($4.62) per share, with a total value of £10,429.90 ($13,577.06). Insiders own 17.83% of the company’s stock.

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.