European Assets Trust (LON:EAT) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of European Assets Trust PLC (LON:EAT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 84.29 ($1.03) and traded as low as GBX 81.30 ($0.99). European Assets Trust shares last traded at GBX 82 ($1.00), with a volume of 656,215 shares traded.

European Assets Trust Price Performance

The company has a current ratio of 0.20, a quick ratio of 1.35 and a debt-to-equity ratio of 7.34. The stock’s 50-day simple moving average is GBX 81.82 and its 200-day simple moving average is GBX 84.24. The firm has a market capitalization of £295.26 million, a P/E ratio of 820.00 and a beta of 1.05.

European Assets Trust Cuts Dividend

The company 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 is Thursday, January 16th. European Assets Trust’s payout ratio is 6,000.00%.

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.