Montanaro European Smaller (LON:MTE) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Montanaro European Smaller (LON:MTE) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 143.77 ($1.87) and traded as low as GBX 142.35 ($1.85). Montanaro European Smaller shares last traded at GBX 144 ($1.87), with a volume of 350,657 shares.

Montanaro European Smaller Stock Down 1.0 %

The company has a debt-to-equity ratio of 2.98, a current ratio of 0.70 and a quick ratio of 0.12. The stock’s 50 day simple moving average is GBX 143.73 and its two-hundred day simple moving average is GBX 142.11. The firm has a market cap of £269.94 million, a P/E ratio of 1,781.25 and a beta of 1.17.

Insider Buying and Selling at Montanaro European Smaller

In related news, insider Caroline Roxburgh bought 6,855 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average cost of GBX 145 ($1.89) per share, with a total value of £9,939.75 ($12,939.01). 1.39% of the stock is owned by company insiders.

About Montanaro European Smaller

Montanaro European Smaller Companies Trust plc is an open ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap companies listed on London Stock Exchange.