BlackRock Greater Europe (LON:BRGE) Trading 1.3% Higher – Still a Buy?

BlackRock Greater Europe (LON:BRGE) rose 1.3% during trading on Thursday . The stock traded as high as GBX 565 ($6.95) and last traded at GBX 561 ($6.90). Approximately 248,254 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 151,589 shares. The stock had previously closed at GBX 554 ($6.82).

BlackRock Greater Europe Price Performance

The company has a debt-to-equity ratio of 8.38, a quick ratio of 2.71 and a current ratio of 0.16. The stock has a market cap of £554.77 million, a P/E ratio of 487.83 and a beta of 1.01. The firm has a 50-day moving average price of GBX 550.14 and a 200-day moving average price of GBX 579.31.

BlackRock Greater Europe Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a dividend of GBX 5.25 ($0.06) per share. The ex-dividend date was Thursday, November 21st. This represents a yield of 0.95%. This is a positive change from BlackRock Greater Europe’s previous dividend of $1.75. BlackRock Greater Europe’s dividend payout ratio (DPR) is currently 608.70%.

About BlackRock Greater Europe

The Company aims to provide capital growth, primarily through investment in a focused portfolio constructed from a combination of the securities of large, mid and small capitalisation European companies, together with some investment in the developing markets of Europe.