European Assets Trust (LON:EAT) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Posted by Irma Garcia on Nov 9th, 2024

European Assets Trust PLC (LON:EAT – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 86.43 ($1.13) and traded as low as GBX 81.74 ($1.06). European Assets Trust shares last traded at GBX 83.60 ($1.09), with a volume of 686,875 shares.

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 firm has a market cap of £298.14 million, a P/E ratio of 828.00 and a beta of 1.05. The firm has a 50-day simple moving average of GBX 84.46 and a 200-day simple moving average of GBX 86.41.

European Assets Trust Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 3rd were given a dividend of GBX 1.48 ($0.02) per share. The ex-dividend date was Thursday, October 3rd. This represents a yield of 1.72%. European Assets Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

Insider Buying and Selling at European Assets Trust

In other European Assets Trust news, insider Kate Cornish Bowden acquired 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of GBX 85 ($1.11) per share, for a total transaction of £8,500 ($11,064.83). Insiders own 0.82% of the company’s stock.

European Assets Trust Company Profile

(Get Free Report)

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.