European Assets Trust (LON:EAT) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of European Assets Trust PLC (LON:EAT) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 86.48 ($1.12) and traded as low as GBX 82.80 ($1.07). European Assets Trust shares last traded at GBX 82.80 ($1.07), with a volume of 294,481 shares.

European Assets Trust Price Performance

The stock has a fifty day moving average of GBX 84.87 and a two-hundred day moving average of GBX 86.46. The stock has a market cap of £298.86 million, a price-to-earnings ratio of 831.48 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 0.20 and a debt-to-equity ratio of 7.34.

European Assets Trust Announces Dividend

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

Insider Buying and Selling at European Assets Trust

In other news, insider Kate Cornish Bowden bought 10,000 shares of the stock in a transaction on Monday, August 12th. The shares were bought at an average price of GBX 85 ($1.10) per share, with a total value of £8,500 ($11,023.21). 0.82% of the stock is owned by corporate insiders.

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.