Templeton Emerging Markets Investment Trust (LON:TEM) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Templeton Emerging Markets Investment Trust plc (LON:TEM) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 264.10 and traded as low as GBX 247.50. Templeton Emerging Markets Investment Trust shares last traded at GBX 248.01, with a volume of 3,031,677 shares trading hands.

Templeton Emerging Markets Investment Trust Trading Down 0.6%

The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of 5.04 and a beta of 0.91. The firm’s 50 day simple moving average is GBX 264.10 and its 200-day simple moving average is GBX 241.68.

Insider Buying and Selling

In other Templeton Emerging Markets Investment Trust news, insider Sarika Patel purchased 3,599 shares of the stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average cost of GBX 263 per share, for a total transaction of £9,465.37. Insiders own 0.04% of the company’s stock.

About Templeton Emerging Markets Investment Trust

Launched thirty years ago in June 1989, Templeton Emerging Markets Investment Trust PLC (“TEMIT”) is an investment trust that invests principally in emerging markets companies with the aim of delivering capital growth to shareholders over the long term. While the majority of the Company’s shareholders are based in the UK, shares are quoted on both the London and New Zealand Stock Exchanges.