Templeton Emerging Markets Investment Trust (LON:TEM) Sets New 12-Month High – Still a Buy?

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 175.60 ($2.21) and last traded at GBX 175.40 ($2.21), with a volume of 2567020 shares trading hands. The stock had previously closed at GBX 172.60 ($2.17).

Templeton Emerging Markets Investment Trust Price Performance

The firm has a market capitalization of £1.83 billion, a P/E ratio of 14.06 and a beta of 0.61. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.25 and a current ratio of 1.47. The firm has a 50-day moving average of GBX 167.49 and a 200-day moving average of GBX 165.47.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its quarterly earnings results on Monday, December 9th. The company reported GBX 3.60 ($0.05) earnings per share for the quarter. Templeton Emerging Markets Investment Trust had a return on equity of 7.07% and a net margin of 81.07%.

Templeton Emerging Markets Investment Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, December 19th were issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date was Thursday, December 19th. This represents a dividend yield of 1.19%. Templeton Emerging Markets Investment Trust’s payout ratio is 48.11%.

About Templeton Emerging Markets Investment Trust

Launched thirty years ago in June 1989, Templeton Emerging Markets Investment Trust PLC (“TEMIT”) is an investment trust that invests principally in emerging markets companies with the aim of delivering capital growth to shareholders over the long term. While the majority of the Company’s shareholders are based in the UK, shares are quoted on both the London and New Zealand Stock Exchanges.