European Assets Trust (LON:EAT) Reaches New 52-Week High – Should You Buy?

European Assets Trust PLC (LON:EAT) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 90.60 ($1.22) and last traded at GBX 90.60 ($1.22), with a volume of 1305287 shares trading hands. The stock had previously closed at GBX 88 ($1.18).

European Assets Trust Price Performance

The business has a 50 day simple moving average of GBX 84.91 and a 200 day simple moving average of GBX 83.08. The stock has a market cap of £325.84 million, a PE ratio of 11.66 and a beta of 1.05.

European Assets Trust (LON:EAT) last announced its quarterly earnings results on Thursday, April 3rd. The company reported GBX 1.78 ($0.02) EPS for the quarter. European Assets Trust had a return on equity of 7.51% and a net margin of 79.65%.

European Assets Trust Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 17th were paid a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 0.77%. The ex-dividend date was Thursday, April 17th. This is an increase from European Assets Trust’s previous dividend of $1.38. European Assets Trust’s dividend payout ratio is 77.21%.

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.