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

MIGO Opportunities Trust plc (LON:MIGO) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 353.82 ($4.30) and traded as high as GBX 353.90 ($4.31). MIGO Opportunities Trust shares last traded at GBX 353.90 ($4.31), with a volume of 24,053 shares traded.

MIGO Opportunities Trust Trading Up 0.1 %

The company has a 50 day simple moving average of GBX 353.82 and a two-hundred day simple moving average of GBX 355.01. 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 firm has a market cap of £74.39 million, a PE ratio of 983.05 and a beta of 0.51.

Insider Activity at MIGO Opportunities Trust

In other MIGO Opportunities Trust news, insider Ian Henderson bought 2,938 shares of MIGO Opportunities Trust stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of GBX 355 ($4.32) per share, with a total value of £10,429.90 ($12,689.99). 17.83% of the stock is owned by insiders.

About MIGO Opportunities Trust

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.