Mobius Investment Trust (LON:MMIT) Trading Down 0.7% – Time to Sell?

Mobius Investment Trust plc (LON:MMIT) shares dropped 0.7% on Tuesday . The company traded as low as GBX 138 and last traded at GBX 139. Approximately 66,625 shares traded hands during trading, a decline of 67% from the average daily volume of 203,268 shares. The stock had previously closed at GBX 140.

Mobius Investment Trust Trading Down 0.7%

The stock has a market capitalization of £91.31 million, a price-to-earnings ratio of -38.29 and a beta of 0.74. The firm’s fifty day moving average price is GBX 139.36 and its 200 day moving average price is GBX 141.39.

Insider Buying and Selling

In other news, insider Diana Dyer Bartlett purchased 21,469 shares of the stock in a transaction dated Friday, November 21st. The stock was acquired at an average cost of GBX 138 per share, for a total transaction of £29,627.22. 0.13% of the stock is owned by company insiders.

About Mobius Investment Trust

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 25-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).