MIGO Opportunities Trust (LON:MIGO) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

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 351.79 ($4.44) and traded as low as GBX 347 ($4.38). MIGO Opportunities Trust shares last traded at GBX 349.28 ($4.41), with a volume of 25,609 shares.

MIGO Opportunities Trust Stock Performance

The company has a debt-to-equity ratio of 15.11, a current ratio of 0.37 and a quick ratio of 44.36. The firm has a fifty day moving average price of GBX 351.51 and a two-hundred day moving average price of GBX 353.69. The stock has a market capitalization of £69.10 million, a PE ratio of 8.38 and a beta of 0.51.

MIGO Opportunities Trust Company Profile

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.