Global Opportunities Trust (LON:GOT) Shares Cross Above Fifty Day Moving Average – Here’s Why

Global Opportunities Trust plc (LON:GOT)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 292.84 ($3.88) and traded as high as GBX 296 ($3.92). Global Opportunities Trust shares last traded at GBX 294 ($3.89), with a volume of 43,423 shares trading hands.

Global Opportunities Trust Price Performance

The firm has a market capitalization of £85.60 million, a PE ratio of 1,541.89 and a beta of 0.42. The company has a 50-day moving average price of GBX 292.84 and a 200-day moving average price of GBX 287.02.

Global Opportunities Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, June 5th will be issued a GBX 10 ($0.13) dividend. This is a boost from Global Opportunities Trust’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 3.45%. Global Opportunities Trust’s payout ratio is 2,631.58%.

Insider Activity

In other news, insider Sandy Nairn acquired 10,000 shares of the stock in a transaction on Wednesday, April 9th. The stock was bought at an average price of GBX 282 ($3.73) per share, with a total value of £28,200 ($37,326.27). Corporate insiders own 38.90% of the company’s stock.

Global Opportunities Trust Company Profile

EP Global Opportunities Trust plc is a closed-ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors.