MIGO Opportunities Trust (LON:MIGO) Sets New 12-Month Low – What’s Next?

MIGO Opportunities Trust plc (LON:MIGO) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 335 ($4.31) and last traded at GBX 341 ($4.39), with a volume of 16759 shares traded. The stock had previously closed at GBX 342.50 ($4.41).

MIGO Opportunities Trust Price Performance

The stock has a market cap of £68.11 million, a PE ratio of 8.26 and a beta of 0.51. The firm’s 50-day moving average price is GBX 347.54 and its two-hundred day moving average price is GBX 351.86. The company has a current ratio of 0.37, a quick ratio of 44.36 and a debt-to-equity ratio of 15.11.

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.