European Assets Trust (LON:EAT) Share Price Passes Below 200 Day Moving Average – Here’s Why

European Assets Trust PLC (LON:EAT) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.98 ($1.07) and traded as low as GBX 79.61 ($1.00). European Assets Trust shares last traded at GBX 80.20 ($1.01), with a volume of 199,759 shares trading hands.

European Assets Trust Stock Up 1.0 %

The stock has a market cap of £291.66 million, a P/E ratio of 810.00 and a beta of 1.05. The company’s fifty day moving average price is GBX 82.33 and its 200-day moving average price is GBX 84.84. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20.

About European Assets Trust

European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index or below Euro 2.5 billion.