European Assets Trust (LON:EAT) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

European Assets Trust PLC (LON:EAT) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 81.72 ($1.02) and traded as high as GBX 83.60 ($1.04). European Assets Trust shares last traded at GBX 83.40 ($1.04), with a volume of 975,716 shares changing hands.

European Assets Trust Price Performance

The company has a market cap of £303.06 million, a price-to-earnings ratio of 841.68 and a beta of 1.05. The company has a 50-day simple moving average of GBX 81.72 and a 200-day simple moving average of GBX 83.85. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20.

European Assets Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a GBX 1.38 ($0.02) dividend. This represents a yield of 1.68%. The ex-dividend date of this dividend is Thursday, January 16th. European Assets Trust’s payout ratio is 6,000.00%.

European Assets Trust Company Profile

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.