Mobius Investment Trust (LON:MMIT) Trading Down 1.9% – Here’s Why

Mobius Investment Trust plc (LON:MMIT) shares were down 1.9% during mid-day trading on Monday . The company traded as low as GBX 127.50 ($1.65) and last traded at GBX 127.50 ($1.65). Approximately 59,327 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 119,361 shares. The stock had previously closed at GBX 130 ($1.68).

Mobius Investment Trust Stock Performance

The stock has a market cap of £147.69 million, a price-to-earnings ratio of 8.53 and a beta of 0.74. The company’s 50 day simple moving average is GBX 139.81 and its 200 day simple moving average is GBX 140.16.

Mobius Investment Trust (LON:MMIT) last posted its quarterly earnings data on Monday, March 10th. The company reported GBX 1.91 ($0.02) EPS for the quarter. Mobius Investment Trust had a net margin of 81.04% and a return on equity of 10.49%.

Mobius Investment Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 1st will be paid a GBX 1.70 ($0.02) dividend. This represents a dividend yield of 1.27%. The ex-dividend date is Thursday, May 1st. This is an increase from Mobius Investment Trust’s previous dividend of $1.25. Mobius Investment Trust’s payout ratio is currently 6.69%.

Mobius Investment Trust Company Profile

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange (LSE: MMIT).

MMIT provides investors with access to a high conviction portfolio of 20-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by Mobius Capital Partners LLP (“MCP”), an investment manager launched in May 2018 by Mark Mobius, Carlos Hardenberg and Greg Konieczny.