Montanaro European Smaller (LON:MTE) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Montanaro European Smaller (LON:MTE) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 140.61 ($1.71) and traded as high as GBX 147.38 ($1.79). Montanaro European Smaller shares last traded at GBX 146.50 ($1.78), with a volume of 288,850 shares changing hands.

Montanaro European Smaller Stock Up 0.3 %

The company has a market cap of £277.51 million, a price-to-earnings ratio of 1,831.25 and a beta of 1.17. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.70 and a quick ratio of 0.12. The firm’s 50-day moving average price is GBX 140.61 and its 200-day moving average price is GBX 142.07.

Montanaro European Smaller Cuts Dividend

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

Insider Buying and Selling

In other news, insider Caroline Roxburgh purchased 6,855 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of GBX 145 ($1.76) per share, for a total transaction of £9,939.75 ($12,093.62). 1.39% of the stock is owned by corporate insiders.

Montanaro European Smaller Company Profile

The trust aims to achieve capital growth by investing in small European quoted companies. It seeks to achieve capital growth in excess of its benchmark, the MSCI Europe SmallCap (ex-UK) Index.

Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing.

We think of ourselves as an Oasis in the City.