MIGO Opportunities Trust (LON:MIGO) Hits New 12-Month Low – Here’s Why

Shares of MIGO Opportunities Trust plc (LON:MIGO) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 331 ($4.27) and last traded at GBX 331 ($4.27), with a volume of 63072 shares traded. The stock had previously closed at GBX 338.50 ($4.36).

MIGO Opportunities Trust Stock Performance

The company’s 50 day simple moving average is GBX 345.41 and its 200 day simple moving average is GBX 351.09. The company has a debt-to-equity ratio of 15.11, a quick ratio of 44.36 and a current ratio of 0.37. The stock has a market cap of £65.92 million, a PE ratio of 7.99 and a beta of 0.51.

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.