MIGO Opportunities Trust (LON:MIGO) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 350.73 ($4.41) and traded as low as GBX 345.20 ($4.34). MIGO Opportunities Trust shares last traded at GBX 345.20 ($4.34), with a volume of 38,326 shares traded.

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 company has a 50 day simple moving average of GBX 350.73 and a 200-day simple moving average of GBX 353.44. The stock has a market capitalization of £68.74 million, a P/E ratio of 8.33 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.