Montanaro European Smaller (LON:MTE) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Montanaro European Smaller (LON:MTE)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 140.64 ($1.73) and traded as high as GBX 143.50 ($1.77). Montanaro European Smaller shares last traded at GBX 142 ($1.75), with a volume of 85,287 shares trading hands.

Montanaro European Smaller Stock Performance

The company has a market cap of £268.99 million, a price-to-earnings ratio of 1,775.00 and a beta of 1.17. The company has a quick ratio of 0.12, a current ratio of 0.70 and a debt-to-equity ratio of 2.98. The business’s fifty day simple moving average is GBX 140.64 and its two-hundred day simple moving average is GBX 141.90.

Montanaro European Smaller Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Thursday, December 19th will be paid a dividend of GBX 0.30 ($0.00) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 0.21%. Montanaro European Smaller’s dividend payout ratio is currently 1,250.00%.

Insider Buying and Selling at Montanaro European Smaller

In other news, insider Caroline Roxburgh acquired 6,855 shares of Montanaro European Smaller stock in a transaction on Tuesday, October 22nd. The stock was bought at an average price of GBX 145 ($1.78) per share, for a total transaction of £9,939.75 ($12,230.53). 1.39% of the stock is currently owned by insiders.

Montanaro European Smaller Company Profile

Montanaro European Smaller Companies Trust plc is an open ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap companies listed on London Stock Exchange.